Pre Session: Markets may open higher amid strong Asian cues
06/03/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY 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 positive note tracking trends seen stateside in the previous session, while Wall Street closed higher in the previous trading session as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminium imports.
On the economy front, the markets may react to a report that Activity in India’s service industries contracted in February for the first time since November as rising price pressures led to a decline in new businesses orders. Also, according to a report, violation of norms for issuance of Letters of Undertaking (LoUs) to benefit billionaire jeweller Nirav Modi and his uncle Mehul Choksi had been going on since 2010.
Also, the Indian currency edged higher as it gathered some buying interest in the wake of BJP's strong showing in the country's North East region ahead of the national election in 2019.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,403, up by 43 points.
06/03/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY 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 positive note tracking trends seen stateside in the previous session, while Wall Street closed higher in the previous trading session as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminium imports.
On the economy front, the markets may react to a report that Activity in India’s service industries contracted in February for the first time since November as rising price pressures led to a decline in new businesses orders. Also, according to a report, violation of norms for issuance of Letters of Undertaking (LoUs) to benefit billionaire jeweller Nirav Modi and his uncle Mehul Choksi had been going on since 2010.
Also, the Indian currency edged higher as it gathered some buying interest in the wake of BJP's strong showing in the country's North East region ahead of the national election in 2019.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,403, up by 43 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
