Pre Session: Gap down opening seen for Sensex, Nifty; SBI, IOC, Cipla Q4 eyed 22/05/2018

Pre Session: Gap down opening seen for Sensex, Nifty; SBI, IOC, Cipla Q4 eyed
22/05/2018
NIFTY FUT  TREND           : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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Indian benchmark indices are likely to open lower on Tuesday, tracking weak trend in Nifty futures on the Singapore Stock Exchange and mixed trend across the Asian markets. Overseas, Asian stocks were trading mostly lower, undermining firm cues from Wall Street. In the overnight trade, Wall Street ended higher led by gains in industrial stocks, as investor cheered easing trade war between US and China as the duos agreed to drop their tariff threats. Back home, bearish trend in the SGX Nifty Index Futures for May delivery, which were trading at 10,524.50, down 18 points.

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