Pre Session: Markets may open lower on weak Asian cues
22/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Thursday amid muted cues from other Asian peers.
The Asian markets have opened on a lower note as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar, while Wall Street closed lower in the previous trading session after the release of the minutes from the Federal Reserve’s January meeting pushed yields on the benchmark 10-year US Treasury note to a four-year high.
On the economy front, the markets may react to a report that India's GDP growth in the third quarter of the current fiscal is likely to be in the range of 6.5-7 percent and may expand further in following three months
Also, EPFO lowered the rate of interest on employees provident fund to 8.55 percent for its over 6-crore subscribers for 2017-18, from 8.65 percent in the previous fiscal.
The markets may remain volatile throughout the day as traders will roll their position from February series contract to March series contract on expiry today.
Muted trends in the SGX Nifty Index Futures for February delivery, which were trading at 10,355, down by 47 points.
22/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Thursday amid muted cues from other Asian peers.
The Asian markets have opened on a lower note as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar, while Wall Street closed lower in the previous trading session after the release of the minutes from the Federal Reserve’s January meeting pushed yields on the benchmark 10-year US Treasury note to a four-year high.
On the economy front, the markets may react to a report that India's GDP growth in the third quarter of the current fiscal is likely to be in the range of 6.5-7 percent and may expand further in following three months
Also, EPFO lowered the rate of interest on employees provident fund to 8.55 percent for its over 6-crore subscribers for 2017-18, from 8.65 percent in the previous fiscal.
The markets may remain volatile throughout the day as traders will roll their position from February series contract to March series contract on expiry today.
Muted trends in the SGX Nifty Index Futures for February delivery, which were trading at 10,355, down by 47 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
