Today, we expect a cautious to higher opening and a choppy day ahead amid lack of major positive triggers. Things could turn volatile given the mixed trend across global markets. While the markets in the US and Europe advanced overnight, stock benchmarks in Asia are trading lower after yesterday's strong rally. This, coupled with the economic headwinds, both globally as well as locally, could hamper the progress of the bulls.
Also, the FIIs - who tend to play a big role in determining the market's direction - have been selling continuously over the past few days. Local funds, who have been buying gradually, do not have the strength to offset the outflows from overseas investors. Neither is it their agenda to do so.
