- US Markets closed mixed with Dow up and Nasdaq down
- Nasdaq has been down 8 out of 10 previous trading sessions
- Most of the Asian markets are trading higher for now
- SGX Nifty indicating positive opening with 70 points gain
- FIIs net bought shares worth Rs 496.27 crore while DIIs net sold shares worth Rs 115.66 crore
- Nifty on Friday was very volatile had a swing of +200/-200 points and Bank Nifty had even higher volatility
- HDFC Bank ADR and ICICI Bank ADR were firmly in green above over 2%
- Banking Stocks will be in focus today taking cues from ADR
- Nifty might face resistance around 17,950/80 level as Nifty has fallen twice around these levels and if third time it takes out major rally on upside can follow
- As of now Nifty has been consolidating between 17,500 to 17,950
- Friday’s low of 17,704 should be the immediate support for now
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