U.S. stocks finished lower for a second day on Thursday, erasing their earlier gains despite a strong start to the third-quarter earnings season, as Treasury yields rose to fresh multiyear highs. Nifty ended higher on Oct 20th for the 5th consecutive session after a last hour recovery led it to a positive close. Nifty could now remain in the 17,434-17,642 band for the near term.

Nifty opened today with a downside gap. After opening, Nifty filled the gap during the first few hours and began correcting back towards its previous low of 17,421.

Equities were initially buoyed on Wednesday by a well-received update from Netflix Inc. late Tuesday, that cemented the impression that the third-quarter earnings season would support the market.

However, positive news on company earnings was offset by a renewed rise in bond yields and a poorly received US 20-year Treasury auction. The US two-year yield jumped to the highest since 2007. This helped push the U.S. 10-year US Treasury yield to its highest level since July 2008, advancing 13.1 basis points to 4.127%.

Nifty rose for the fourth consecutive session on Oct 19th but closed muted as the Rupee touched a new low vs the USD.

17,608-17,312 could be the band for the Nifty in the near term.

Indian markets could open lower, in line with negative Asian markets today and lower US markets on Wednesday.

After showing an upside bounce from the lows on Tuesday, Nifty witnessed upmove so far today. Intraday support is placed at 17,480 level and resistance is placed at 17,620 level.

U.S. stocks finished higher for the second day in a row on Tuesday as investors celebrated another batch of robust corporate earnings reports.

Nifty rose for the third consecutive session on Oct 18th aided by positive overnight cues.

Indian markets could open flat to mildly higher, in line with mixed Asian markets today and despite positive US markets on Tuesday.

After showing an upside bounce from the lows on Monday, Nifty witnessed sharp upmove so far today. Intraday support is placed at 17,425.

All three major U.S. stock indexes finished higher on Monday, giving the Nasdaq Composite its biggest one-day percentage gain since July,

The S&P 500 closed above a key technical level, bolstering global market sentiment.

Stocks in Asia rebounded as UK reversed more of its unfunded tax cuts.

Nifty rose for the second consecutive session on Oct 17th. At close, Nifty was up 0.73% or 126.1 points at 17,311.9.

Nifty filled the upgap made on the previous day due to the weakness in early morning but closed much higher. Next resistance could come in at 17,497-17,532 band while support could come in at 17,142-17,170 band.

Indian markets could open higher, in line with mostly higher Asian markets today and sharply positive US markets on Monday.

After showing weakness from intraday highs on Friday, Nifty shifted into a sustainable upside as of now. Immediate resistance is placed at 17,340.

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Global cues continue to be choppy while individual company results may result in stock specific moves.

Over a 3-week period, Nifty has formed a higher bottom. Once it breaches 17,429, it will also make a higher top.

An upward breach of 17,429 could result in broad based and volume led rally in the markets.

Indian markets could open lower, in line with lower Asian markets today and sharply negative US markets on Friday.