Indian equity markets are expected to open on a firmer note today after global cues improved. GIFT Nifty pointed to a positive start, while softer US Treasury yields and gains across Asian markets offered some relief after the recent selling pressure. The Nifty had closed the previous session at 24,078.30.
However, traders are likely to remain cautious because the Nifty has been under pressure for several sessions. The 24,000–24,025 zone remains an important support area, while a sustained move above 24,175 could strengthen the possibility of a recovery. Weekly expiry today could also lead to higher intraday volatility.
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