A morning walk down Dalal Street | Expect positive momentum to continue if Nifty holds 10,800 on closing basis

Indian market brushed aside weak global cues and closed in the green on Thursday. The S&P BSE Sensex rose 52 points to close at 36,374. The Nifty50 added 14 points to end at 10,905.

Despite weak global cues, the domestic market managed to trade in a positive territory supported by stock-specific buying and strong rupee. 

The index is witnessing strong momentum at lower levels which is a positive sign for the bulls. However, the index is still facing hurdle near 10930 levels. For the upside to continue, the index has convincingly closed above 11000, suggest experts.