Pri-Market Commentary!

Today, we expect a strong opening due to firm global markets. And, though inflation could rise further, the market may ignore the same. In short, the storm may have passed, and one may start harbouring hopes for better days ahead. Technically too, the charts are showing positive signs as the Nifty has surpassed the 200 DMA and remains above that.

A major downside from this level may not happen, at least in the immediate future, unless there is some fresh bad news. Some market analysts see the Nifty gaining another 200 points, before the bulls face fresh resistance. Signs from the F&O segment are also not bad.