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Pre Session: Gap down opening seen for Sensex, Nifty; Idea, Vedanta shares in focus 05/06/2018

Pre Session: Gap down opening seen for Sensex, Nifty; Idea, Vedanta shares in focus
05/06/2018
NIFTY FUT  TREND           : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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Indian equities may open lower on Tuesday, tracking bearish trend in Nifty futures on the Singapore Stock Exchange and negative cues from the global markets. Overseas, Asian stocks were trading lower as investor weighed intensifying trade tension as China, the European Union (EU) and Canada have threatened retaliatory measures unless US reverses news tariff on steel and aluminum. In the overnight trade, Wall Street ended higher, led by strong gains in technology stocks such as Apple and Amazon. Back home, bearish trend in the SGX Nifty Index Futures for June delivery, which were trading at 10,582.50, down by 31.00 points.

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