A morning walk down Dalal Street| Close above 10930 could push Nifty towards 11000, critical short support at 10729

Indian markets managed to recoup losses and closed the week on a positive note. The Sensex reclaimed 36K while the Nifty50 closed above 10850 levels.

A series of domestic as well as global triggers kept equity markets across the globe on the edge in the week gone by. There was Feb F&O expiry, a rise in geopolitical concerns, and the global front trade talks between the US and China which kept investors on the edge. 

On the weekly basis, Nifty closed with gains of 0.67 percent while Sensex ended 0.54 percent higher. India VIX fell down sharply by 9.86 percent at 16.47 levels which is a positive sign for the bulls.

However, VIX has to cool down below 16-15 zones to get the smooth ride in the market.