Markets may open higher; Infosys, HDFC Bank, Bajaj Auto in focus

December 22, 2014 09:16

Markets are likely to open higher tracking gains in their Asian peers.

However, some volatility may be expected later in the session as traders will remain cautious in a truncated week ahead of the F&O expiry on Wednesday.

For cues investors will also watch the US jobless data which is to be released later this week.

"For the day, Nifty needs to hold above 8175 levels to continue the up move towards 8,280 then 8,320 levels. On the downside immediate support is at ,8175 levels and below that profit booking may drag the index towards 8,120 and then 8,100 levels," technical analysts at Anand Rathi said in a morning note.

At 8:25am, the early indicator SGX Nifty was up 37 points at 8,269. Asian markets are mostly trading higher. While Nikkei is largely flat, Shanghai Composite and Hang Seng indices have gained over 1% each.

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