Markets are expected to open higher amid firm Asian cues. The futures and options expiry for July contracts this Thursday coupled with central bank’s monetary policy review next week is likely to weigh on the sentiments.
According to the technical charts, " Levels of 6000 and 6065 on Nifty can be used as stop loss for long and short futures positions respectively. Breakouts could go till 5950 or till 6125. A bullspread of long 6100c (14) and short 6200c (4) costs 10. It could double if 6100 is hit."
At 8:15AM IST, SGX Nifty was up 43 points at 6080.
Meanwhile Asian shares were lacklustre in early trades with Nikkei managing to hold in green on account of earnings season.
Among the key Asian indices, Japan’s Nikkei was up 0.2% to 14,691, Singapore’s Straits Times gained 0.1% to 3,238 in the opening deals.
Overnight, US stocks ended marginally higher after McDonald's Corp, the world's largest restaurant chain posted weaker-than-expected results.
The Dow Jones Industrial Average was up 1.81 points, or 0.01 percent, at 15,545.55. The Standard & Poor's 500 Index rose 3.44 points, or 0.20 percent, at 1,695.53, and the Nasdaq Composite Index added 12.77 points, or 0.36 percent, at 3,600.39.
Domestically in the earnings calendar, we have L&T Finance Holdings, Mahindra Forg and Shriram Transport set to report their April-June earnings later today.
According to the technical charts, " Levels of 6000 and 6065 on Nifty can be used as stop loss for long and short futures positions respectively. Breakouts could go till 5950 or till 6125. A bullspread of long 6100c (14) and short 6200c (4) costs 10. It could double if 6100 is hit."
At 8:15AM IST, SGX Nifty was up 43 points at 6080.
Meanwhile Asian shares were lacklustre in early trades with Nikkei managing to hold in green on account of earnings season.
Among the key Asian indices, Japan’s Nikkei was up 0.2% to 14,691, Singapore’s Straits Times gained 0.1% to 3,238 in the opening deals.
Overnight, US stocks ended marginally higher after McDonald's Corp, the world's largest restaurant chain posted weaker-than-expected results.
The Dow Jones Industrial Average was up 1.81 points, or 0.01 percent, at 15,545.55. The Standard & Poor's 500 Index rose 3.44 points, or 0.20 percent, at 1,695.53, and the Nasdaq Composite Index added 12.77 points, or 0.36 percent, at 3,600.39.
Domestically in the earnings calendar, we have L&T Finance Holdings, Mahindra Forg and Shriram Transport set to report their April-June earnings later today.
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