Indian Markets are expected to open on Friday - TRANS SCAN

The Indian markets are expected to open soft on Friday, tracking mixed Asian markets and the Nifty index may even test its long term support level of 5900 in trade today. Despite a weak opening Nifty recouped all its losses and ended the day with a massive gain of 57 points at 5908. The index managed to respect the level of 5850 closing basis and bounced back from the day's low of 5791 levels.

Overnight, US Stocks ended higher and the Dow Jones industrial average extended its recent winning streak to 10 days on Thursday.

Asian share were trading mixed supported by better-than-expected U.S. labor market data suggesting a steady recovery in the world's largest economy.

Source : Equity Bulls

Keywords