Nifty is likely to reclaim 12,000 level on January 7 supported by strong global cues, and stable crude oil prices.
Trends on SGX Nifty indicate a positive opening for the index, with a 68 points gain, or 0.56 percent up move. The Nifty futures were trading around 12,116-level on the Singaporean Exchange.
The S&P BSE Sensex plunged nearly 800 points on January 6 to register its biggest single-day fall in a year while Nifty50 breached 12,000 to post its biggest one-day fall in six months.
Volatility index surged over 16 percent, the biggest single-day gain in a year.