Pre Session: Negative opening on cards for Sensex, Nifty; TCS, Axis Bank shares in focus 11/07/2018

Pre Session: Negative opening on cards for Sensex, Nifty; TCS, Axis Bank shares in focus
11/07/2018
NIFTY FUT  TREND           : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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Indian equity markets may open lower on Wednesday, tracking bearish trend across SGX Nifty Index Futures and weak cues across other Asian markets. Overseas, Asian stocks were trading in negative terrain, undermining firm cues from US markets, as investor weighed escalating US-China trade war after the US administration said that it would impose 10 percent tariffs on an extra USD 200 billion worth of Chinese imports, Reuters reported. In the overnight trade, Wall Street ended higher amid hopes of strong corporate-earnings season. Back home, bearish trends in the SGX Nifty Index Futures for July delivery, which were trading at 10,932.00, up by 26.00 point.

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