Stock Markets opened strong on Friday.  Within first few minutes of trade, NSE Nifty touched a high of 5630. After registering a gain of more than 100 points, NSE Nifty started drifting. The markets were trading around 70 points higher. There is a lot of volatility in the markets. Traders are advised to be cautious. The rise in today’s market can be used to exit some positions.

NSE Nifty has touched a low of 5520. Currently NSE Nifty is trading with a gain of 30 points. While BSE Sensex is up by 90 points at 10.40 am.

Reliance is trading marginally up. The stock has touched a high of 2774.  Banking major SBI had a great day yesterday, but the stock is down by nearly 1.2% in today’s market.

Midcap stocks are looking strong. GMR Infra has touched a high of Rs 243.35 on NSE. Omaxe is trading with a gain of over 4%. While other stocks like Torrent Power, RPG Telecom, ITI,

Indian Markets may close strongly today as there is no bad news from US due to markets being closed on account of Thanksgiving. The Asian markets are showing mixed trend. The technical pullback at the end of trading yesterday suggests that markets may remain strong today.