Nifty futures on the Singapore Exchange quoted 89 points, or 0.49 per cent, higher at 18,292, hinting at a firm start for the domestic market on Monday.
Rollovers in Nifty Bank stood at 77 per cent versus its average of 81 per cent. The rollover indicates that short positions from October series have not been rolled over.
The market may witness some consolidation after the successive rise. That would be healthy. Since all the private banks are now aligned to the market trend, heavyweight stocks such as HDFC Bank, Axis Bank and Kotak Mahindra would drive the momentum further for the next upside rally.
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