- US Markets surged led by Financials stocks and Tech stocks
- Asian markets trading higher
- SGX Nifty indicating gap-up over 300 points
- FIIs net sold Rs 4,818.71 crore while DIIs net bought Rs 3,275.94 crore
- Brent crude at 112 vs recent high of 130+
- Dollar Index drops to 98 from 99
- Massive unwinding by 16,000-16,200 Call writers
- 16,500 Call writer still standing firm, key to watch today If Nifty sustains above 16,660, more short covering likely
- Market still oversold, a test of 20 DMA of 16,850 possible
- Bank Nifty may have more legs than Nifty in near-term