Nifty traded with positive bias when opened yesterday but it couldn’t sustain the strength and plunged down to the level below 10800, and closed at 10786.95. However, during the day it soars to the high of 10849.70.
On the other hand, the global market traded with positive bias when the Dow Jones traded with a positive bias for the fourth consecutive day and surged to the high of 25372.69 level.
Strength in international counterpart is expected to provide support to the domestic market in trading with a positive bias. However, there is a possibility that Nifty50 is likely to open flat on Tuesday. Even when all three US major stock indexes closed slightly higher on yesterday.