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Traders are advised to lighten up position as some bit profit booking could be expected as we approach Mount 11K. Expectations of some populist measure are driving rally on D-Street, say experts.The Nifty, which is expected to open higher, could well hit its crucial level of 11,000 in trade on Tuesday. The index closed 71 points higher to a fresh record closing high of 10,966 on Monday.
However, traders are advised to lighten up position as some bit profit booking could be expected as we approach Mount 11K. Expectations of some populist measure are driving rally on D-Street, say experts.
US stocks advanced as each of Wall Street’s main scored records in the wake of a deal by US senators to end the federal government shutdown. Major Asian indexes rose on Tuesday following the stronger lead from Wall Street after U.S. lawmakers reached a deal to end a government shutdown.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 40 points or 0.36 percent. Nifty futures were trading around 11,007-level on the Singaporean Exchange.
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