Pre Session: Gap down opening seen for Sensex, Nifty as trade war fears loom 23/03/2018

Pre Session: Gap down opening seen for Sensex, Nifty as trade war fears loom
23/03/2018
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian equities are likely to open lower on Friday, tracking bearish cues from Nifty futures on the Singapore Stock Exchange and negative trend across the Asian markets. Overseas, markets across Asia were trading lower as traders sentiment were spooked amid rising global trade tensions after China threatened to levy higher import duties on US goods in response to the Trump’s tariff hikes. Wall Street extended losing streak on Thursday amid fear a possible trade war between the world’s two largest economies, US and China. Back home, bearish trend in the SGX Nifty Index Futures for March delivery, which was trading at 9,990.50, up by 127.00 points.

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