Pre Session: Bears likely to dominate Dalal Street; Tata group shares in focus 22/09/2017

Pre Session: Bears likely to dominate Dalal Street; Tata group shares in focus
22/09/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND  : SELL ZONE

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Indian benchmark indices are likely to open lower on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and tepid cues from global peers. Markets across Asia were trading mixed as investor sentiment were spooked by media reports that North Korea may conduct another hydrogen bomb test, this time in the Pacific Ocean. In the overnight trade, the Wall Street ended lower as traders digested the statement of the Federal Reserve on normalizing monetary policy, while persistent geopolitical risks also weighed on market sentiments. Back home, bearish trend in the SGX Nifty Index Futures for September delivery, which were trading at 10,090.00, down by 50.50 points.

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