Markets likely to open positive on expiry day

Indian equity markets are likely to open on a positive note on Thursday, tracking positive sentiments prevailing in the global markets. The SGX Nifty, which was trading with gains of 26 points at 9,528, indicated that domestic bourses may open positive.
 
Nifty50 index has immediate support placed in the range of 9,450, and if it holds below 9,450, it may trigger fresh selling towards 9,420 and then 9,400 level, while on the upside, resistances are seen at the level of 9,550.
 
Back home, Indian market extended its losing streak for the third straight session on Wednesday, as traders preferred to cut down positions ahead of the June series F&O expiry. Index heavyweight Reliance Industries slipped about 2.70%.


Gainers: Axis Bank, Indiabulls HF (+2%), Vedanta (+1.5%). Loser:NTPC (-1%).