Pre Session: Markets may open lower amid mixed Asian cues
18/05/2018
The Indian benchmark indices are set to open lower on Friday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors kept a cautious watch on developments in U.S.-China trade negotiations, while Wall Street closed lower in the previous trading session as investors dealt with escalating trade tensions and rising oil prices..
On the economy front, the markets may react to a UN report that said India’s economy was projected to grow 7.6% in fiscal year 2018-19, remaining the fastest growing economy in the world. Also, the Government promised help to 11 PSBs under PCA net.
Also, PNB stocks will be in focus as market regulator Sebi warned PNB to promptly comply with mandatory norms on fraudulent transactions related to Nirav Modi and Gitanjali Group of companies.
Muted trends in the SGX Nifty Index Futures for May delivery, which were trading at 10,665, down by 37.50 point.
18/05/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Friday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note as investors kept a cautious watch on developments in U.S.-China trade negotiations, while Wall Street closed lower in the previous trading session as investors dealt with escalating trade tensions and rising oil prices..
On the economy front, the markets may react to a UN report that said India’s economy was projected to grow 7.6% in fiscal year 2018-19, remaining the fastest growing economy in the world. Also, the Government promised help to 11 PSBs under PCA net.
Also, PNB stocks will be in focus as market regulator Sebi warned PNB to promptly comply with mandatory norms on fraudulent transactions related to Nirav Modi and Gitanjali Group of companies.
Muted trends in the SGX Nifty Index Futures for May delivery, which were trading at 10,665, down by 37.50 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 909404704
