Backed by the strong global cues, Indian markets are expected to open on record highs

SGX Nifty indicating a positive opening for the Indian equities.

Oct 27, 2017 03:10 IST India Infoline News Service

SGX Nifty indicating a positive opening for the Indian equities.

Global markets

US: After trading in positive territory for much of the session, the major averages eventually ended Thursday's trading on opposite sides of the unchanged line.

The Dow and the S&P 500 closed in the positive, while the tech-heavy Nasdaq ended the day in the red.

The Nasdaq edged down 0.1% to 6,556.77, but the Dow rose 0.3% to 23,400.86 and the S&P 500 inched up 0.1% to 2,560.40.

The mixed close on Wall Street came despite positive sentiment generated by news that House Republicans voted to approve a Senate-passed budget resolution, taking a key step toward tax reform.

Europe closed in the green in yesterday’s trade with FTSE up 0.52%, CAC up 1.48%, DAX up 1.37%.

FII /DII Data: In the cash market today, FII’s sold 375 crores stock whereas DII’s sold 523 crores worth of stock.

In the derivative market, FII’s sold 514 crores of Index futures and bought 2063 crores worth of Index options.

In the stock futures segment, FII’s bought 836 crores worth of stock futures and sold 39 crores stock options. 

Support / Resistance: Intraday
Nifty: 10342
S1 - 10240 S2-10180
R1 - 10400           R2 -10500

Support / Resistance: Intraday
Bank Nifty: 25022
S1 - 24780 S2-24560
R1 - 25200 R2 -25500

Nifty Highest Open Interest:
Call: 10400 / Put: 10000
Bank Nifty Highest Open interest: (2nd Nov 2017 Expiry)
Call: 25500 / Put: 24500
Securities in Ban Period: IBREALEST

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