Pre Session: Markets may open higher on strong Asian cues
27/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open higher on Tuesday amid positive cues from other Asian peers.
The Asian markets have opened on a higher note tracking the rally on Wall Street which saw stocks close with gains of more than 1 percent, while Wall Street closed higher in the previous trading session as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth.
On the economy front, the markets may react to a report that investments in the domestic capital market through participatory notes (P-notes) plunged to a nearly eight-and-a-half-year low of Rs 1.19 lakh crore in January-end amid stringent norms put in place by regulator SEBI to check misuse.
Also, according to a report, the Reserve Bank said there will not be any extension to the February 28 deadline for mandatory KYC-compliance by prepaid wallet customers. The markets may also react to a report that the unemployment rate reached a 71-week high in the week ended February 25.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,647.50, up by 50 points.
27/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open higher on Tuesday amid positive cues from other Asian peers.
The Asian markets have opened on a higher note tracking the rally on Wall Street which saw stocks close with gains of more than 1 percent, while Wall Street closed higher in the previous trading session as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth.
On the economy front, the markets may react to a report that investments in the domestic capital market through participatory notes (P-notes) plunged to a nearly eight-and-a-half-year low of Rs 1.19 lakh crore in January-end amid stringent norms put in place by regulator SEBI to check misuse.
Also, according to a report, the Reserve Bank said there will not be any extension to the February 28 deadline for mandatory KYC-compliance by prepaid wallet customers. The markets may also react to a report that the unemployment rate reached a 71-week high in the week ended February 25.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,647.50, up by 50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
