Pre Session: Sensex, Nifty seen opening flat on muted global cues; oil stocks in focus 16/01/2018

Pre Session: Sensex, Nifty seen opening flat on muted global cues; oil stocks in focus
16/01/2018
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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Indian benchmark indices are likely to open on flat note on Tuesday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and soft trend across global markets. Overseas, markets across Asia were trading mixed in lack of any cues as Wall Street remained closed on Monday. The rally in US dollar weighed on global currencies, while sentiment was further dented after Japan’s finance minister Taro Aso said sudden moves in exchange rates are a problem. Back home, bullish trend in the SGX Nifty Index Futures for January delivery, which were trading at 10,759.50, up by 9.50 points.

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