With the US markets closing in green on Friday's session with Dow futures gaining 112.64 points closed at 34,302.61 and Nasdaq at 11,541. The SGX nifty futures showing a total gap-up of 20 points. The dalal street tends to hold a moderate to bullish stance. The pre-market opening shows nifty at 18,033.51 and Banknifty at 42622. Monday's trading session could provide relief to traders and investors.

With strong Q3 results of HDFC bank can help the market hold lower levels. Additionally, on commodity market oil price fell drastically after massive rally in the last week for about 8% should give markets a relief signal. Nifty while giving a golden cross-over signal of 200 and 50 DMA a bullish sign awaits a clarity for the entire week. And with BankNifty crossing 42600 can further bring in new bullish momentum in the Share market today.

Story by: invostock.com

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