Pre Session: Sensex set to nosedive in opening trade on global woes, Asian markets fall hard 06/02/2018

Pre Session: Sensex set to nosedive in opening trade on global woes, Asian markets fall hard
06/02/2018
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian benchmarks are likely to open sharply lower on Tuesday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and weak trend across global markets, as budget blues gripped the domestic market following the return of the long term capital gains (LTCG) tax on equities in the Budget. Overseas, markets across Asia were bleeding in red after Wall Street fell sharply in overnight trade due to investors' risk aversion and fear that the Fed could hike interest rates sooner than expected. Back home, bearish trend in the SGX Nifty Index Futures for February delivery, which were trading at 10,341.00, down by 354.50 points.

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