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Pre Session: Sensex, Nifty seen opening in red on weak global cues; Varroc Engg listing eyed 06/07/2018

Pre Session: Sensex, Nifty seen opening in red on weak global cues; Varroc Engg listing eyed
06/07/2018
NIFTY FUT  TREND           : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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Indian equity markets may open lower on Friday, tracking bearish trend across SGX Nifty Index Futures and mixed cues from other Asian markets. Overseas, Asian stocks were trading mixed as investors remained wary ahead of a US deadline to impose tariffs on Chinese imports. In the overnight trade, Wall Street ended higher after minutes from the June Federal Reserve meeting showed confidence in the economic outlook and reaffirmed their commitment to gradually hiking interest rate. Back home, bearish trends in the SGX Nifty Index Futures for July delivery, which were trading at 10,719.00, down by 39.00 point.

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