Amid buying action in overnight US markets and Asian equities in the morning, local shares are likely to trade higher in early Friday trades. However, intra-day volatility could persist as investors fear the Federal Reserve could remain hawkish at its June 14 meeting after a surprise interest rate hike by the Bank of Canada. But the positive take away from Governor Shaktikanta Das’s statement was that the Indian economy and financial sector remained resilient despite global challenges, while the Southwest monsoon rains arriving over Kerala will be a sentiment booster. Technically, bears are likely to be at bay as long as Nifty is above the 18463 support, while there is a bright chance that bulls will be able to reclaim Nifty’s all-time-high at 18888 mark.