US equity markets rose and the dollar slid on Monday as investors embraced the idea that China may ease COVID restrictions.

Over the past three trading days, the Dollar Index is down 2.5%, and is now at its lowest level since Sept. 20th. This helps push up prices of metals and precious metals.

Indian markets could open higher, in line with gains made by the Asian and US markets over two days. Nifty now face resistance from the 18,342-18,500 band in the near term.

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While the Nifty has corrected from the highs, the short-term trend remains up.

Further upsides are likely once the immediate resistance of 18,160 is taken out. Further weakness could emerge if the support of 18,078 is broken.

U.S. stocks closed sharply higher on Friday, as investors weighed the jobs report for October.

Midterm U.S. elections will be held on Tuesday where Republicans could win control of one or both chambers and lead to deadlock on fiscal policy.

Positive market sentiment earlier Friday may have been influenced by speculation linked to China. There’s some rumor that the potential exists from their zero-COVID policy, which is why China rallied so strongly.

17,899 could be a support for the Nifty while 18,287 could be a resistance for the near term.

Indian markets could open mildly higher, in line with largely positive Asian markets today and sharply higher US markets on Friday.

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While the Nifty has corrected from the highs, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,108 is taken out. Further weakness could emerge if the support of 18,017 is broken.

U.S. stocks ended a choppy session lower on Thursday and extended a losing streak to four sessions.

Markets are more concerned with the ultimate level of rates rather than the pace of tightening.

In Europe, the Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rises in three decades. The Bank of England told investors to rein in expectations for hikes, which saw the pound slump.

Nifty fell for the second consecutive session on Nov 3rd following negative global cues.

Nifty could now face resistance in the 18,106-18,145 band while 17,838-17,899 band could offer support in the near term.

Indian markets could open flat, in line with mixed Asian markets today and despite lower US markets on Thursday.

Listen to the D-Street Details with Devarsh Vakil.

While the Nifty has corrected, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,106 is taken out. Further weakness could emerge if the support of 17,959 is broken.

While the Nifty has corrected, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,179 is taken out. Weakness could emerge if the support of 18,066 is broken.

U.S. stocks posted back-to-back losses on Tuesday.

Asian stocks were mixed on Wednesday following declines in US shares.

Nifty has formed a doji after a rise suggesting indecision after a rise.

On upmoves, 18,287 could offer resistance while 18,022 could offer support.

Indian markets could open flat, in line with mixed and rangebound Asian markets.

Listen to the D-Street Details with Devarsh Vakil.

With the Nifty rallying further, the short-term trend remains up. Further upsides are likely once the immediate resistance of 18,176 is taken out. Weakness could emerge if the support of 18,060 is broken.