Podcast | A morning walk down Dalal Street: Nifty likely to find support at 10,860-10,876 on any minor dip

The S&P BSE Sensex closed 26 points higher while the Nifty50 closed 1.05 points up amid trade war fears. Asian markets closed in red after the United States threatened to impose tariffs on an additional USD 200 billion worth of Chinese goods, dampening hopes of a compromise on trade.

Investors across the globe fear that an escalating US-China trade war could hit global growth and spoil investment sentiment. 

If Wednesday's high of 10,976 gets taken out in the next few sessions, bulls will be able to push the benchmark index towards the weekly upper Bollinger Band, which is near 11,100.

On the flip side, any minor degree dip is likely to find support near the recent gap area of 10,876-10,860. 

The market took a breather after three-day of gains. Investors looked cautious ahead of June CPI inflation and May industrial output data due on Thursday.