WHAT FACTORS TO WATCH?
US futures trending positively+Trading to continue to remain thin
Japan, China markets closed on Jan 2+Mixed opening for rest of Asian markets
Precious metals continue rebound+Gold up 0.8%-above $4350/oz+Silver up 1.4%-near $73/oz
Bitcoin rises for 2nd day-near $89/k
Most asset classes largely unchanged-FYI oil markets not open yet
AI-TRADE PICKS UP IN ASIA-China AI chip firm Biren raises $717 in Hong Kong IPO+Baidu’s AI chip arm Kunlunxin files confidentially for Hong Kong listing
BYD’s Lead Against Tesla Might Stretch-Likely to surpass Tesla to become world’s largest EV maker in 2025=BYD met its full sales target+Weak Q4 sales number expected today from Tesla
Nifty, Nifty Bank expected to remain range-bound as some Asian based FIIs might start taking positions for new year..20 EMA still remain key levels to watch
Global fund buying of Indian bonds hit 1-month highs+FII remains sellers for 8th day FII shorts positioning remains unchanged at 91%
Key longs-Metals, PSU Bank