global market round up

* Nifty futures traded on the Singapore Exchange are
up 0.45 percent, while the MSCI-Asia Pacific excluding Japan
index gains 0.88 percent.
* Asian shares raced to two-week highs on Wednesday, with
investor confidence getting a much needed boost from upbeat U.S.
data and lingering hopes China may take steps to stimulate its
sagging economy.
* U.S. stocks ended higher on Tuesday, rebounding from a
two-day decline as the hard-hit biotechnology sector regained
its momentum and a strong read on consumer confidence increased
optimism about the economy.

KEY EVENTS/FACTORS TO WATCH
* The Confederation of Indian Industry holds its annual
general meeting on Wednesday and Thursday, with a number of top
policymakers and executives from Indian industry in attendance.
* India Supreme Court resumes hearing of Sahara chief
Subrata Roy's petition to be released from custody


INDIAN STOCKS TO WATCH
For additional press items double click
NOTE: Reuters has not verified third-party stories and does
not vouch for their accuracy.


Poll panel may give conditional clearance for bank licences
today - Business Standard
(link.reuters.com/hyr87v)


Southern 'sweep' state could shape India's next government -



India generic drugmakers' woes put new focus on quality over
price -


Russia's Rosneft, India's ONGC may join forces on oil flows
-


Telenor may raise stake in Uninor to 100 pct - Economic
Times
(link.reuters.com/gyr87v)


Jet Airways' acting CEO quits - Times of India
(link.reuters.com/fyr87v)

Nifty trending to open at 6715

factors that are effecting
Indian shares are set to open higher on Friday, following
gains in other Asian markets and continued foreign investor
buying.
* Bank shares are also expected to gain after India's
central bank extends deadline on capital norms under Basel III
to March 31, 2019 -
* NSE index futures traded on the Singapore Exchange
rise 0.3 percent to 6,714, a 72-point premium to the underlying
NSE index close on Thursday.
* The MSCI-Asia Pacific excluding Japan index
gains 0.6 percent.
* The euro was wallowing near three-week lows in Asia on Friday
as speculation intensified that the European Central Bank might
ease policy further, while similar hopes of stimulus in China
gave a fillip to Asian shares.
* Overseas investors bought Indian shares worth 21.92 billion
rupees ($364.03 million) on Thursday, provisional exchange data
shows.
* On watch: The Indian government will finalise its borrowing
calendar for the April-September period.

although fundamental factors keep influencing the heat of the markets but i feel there is also technical factors that have been causing so. being a technical trader I rather choose the technical aspects of the market. just for example nifty has started its rally from 5700, as the charts suggests, after a long bear rally, the market was in a consolidation zone, the fear greed ratio was not so appropriate which could cause another bear phase. it was a clear accumulation behind the scene. what do you think?

In this morning, at the end of fiscal year 2013-2014 the traders are looking pretty confident.

current levels - 6688
sentiments working over. global cues on the map.
supp- 6658 res-6739