Pri Market Commentary ...

Today, we expect the market to open on a flat to slightly positive note, as the short squeeze may continue. Global markets are mixed with no clear direction being exhibited by any region.As expected, the market rebounded on the back of short covering. Firm global markets and stable oil prices helped the bulls' cause. As a result, the market may turn sideways with a positive bias unless we get fresh bad news. But, the bulls may just be able to hold on to their gains today.