Nifty likely to open higher; Buy near 10350: Benchmark indices traded subdued throughout the day and ended lower ahead of US Federal Reserve’s FOMC meeting that concludes today.
The Fed is not expected to take any actions when it releases its statement tomorrow, though it could point markets toward a rate hike expected at its December meeting.
Market participants wait for cues from a slew of earnings that were lined up during the day and post-market hours also can be attributed to the yesterday’s lacklustre trading in the bourses.
For the day to watch India’s Nikkei Manufacturing PMI for the month of October will be released around 10:30 am and the Nifty constituents, HEROMOTOCO and TECHM will release their Q2 earnings. For the day index may face resistance at 10365 followed by 10400 levels while supports can be pegged at 10310 followed by 10250 levels.







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