- US markets closed higher on Thursday
- Asian markets are trading mixed
- SGX Nifty indicating a flat start with 9 points cut
- Nifty, Midcap Index at fresh highs
- FIIs net bought shares worth Rs 348.52 crore and DIIs net purchased shares worth Rs 381.70 crore
- Nifty’s base has now moved up to 16,950-17,000 and Bank Nifty just 2% off from life time highs
- US jobs data later today and US markets likely to react to the numbers on later today
- Lower than expected jobs data would keep Fed dovish
- Generally when markets move up significantly from Monday to Thursday some sell-off comes on Friday and that too around the last one hour so need to watch very carefully
- Looking at OI 17,000 is strong support for now