Pre Session: Gap down opening seen for Sensex, Nifty; SAIL, PNB in focus 09/10/2017

Pre Session: Gap down opening seen for Sensex, Nifty; SAIL, PNB in focus
09/10/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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Indian benchmark indices are likely to bell the day in negative terrain on Monday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and bearish trend across global peers. Markets across Asia were trading flat as investors digested the lower-than-expected China Caixin services PMI data which showed non-manufacturing activity in China expanded at its slowest levels in almost two years in September, Reuters said. On Friday, the Wall Street ended lower as market sentiments were dented by the softer than expected non-farm payrolls performance for September. Back home, bearish trend in the SGX Nifty Index Futures for October delivery, which were trading at 9,983.00, down by 37.00 points.

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