Nifty is opening at 7620, near its last month high of 7609. A breakout above this will result in further buying with a target of month 2 high of 8050. This is a gap level and Nifty will have to trade above SGX Nifty high of 7629 with momentum for the Buy trend to continue. Yesterday markets saw a sharp buying from a daily gap level of 7430 which was majorly aided by strong banking stocks on the back drop of rate cut expectation which is to be announced on 5th of Apr in the RBI policy meet.
Singapore Nifty is suggesting Nifty to open near to its all time high. Asian Markets are mixed as Kospi is taking support at its month 1 low of and Nikkei has given its month 7 upside breakout of 15759 which is also the gap level. FIIs have .