Pre Session: Markets may open higher on strong global cues 29/11/2017

Pre Session: Markets may open higher on strong global cues
29/11/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian benchmark indices are set to open higher on Wednesday amid strong cues from other global peers.

The Asian markets have opened on a positive note after Wall Street shot to record peaks amid signs of progress on US tax cuts, upbeat economic data and bank-friendly comments from the would-be head of the Federal Reserve, while Wall Street closed higher in the previous trading session led by sharp gains in bank stocks.

On the economy front, some experts have said that India’s economic growth is likely to show a significant improvement for the September quarter of the current fiscal over the previous three months.

Markets may react to the report that the government has not waived any loans of big NPA defaulters. Also, TRAI has made recommendations to ensure an open internet in the country and prevent any discrimination in internet access in a long-awaited report.

Positive trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,393.50, up by 23.50 points.

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