Pre Session: Markets may open higher on strong Asian cues 27/02/2018

Pre Session: Markets may open higher on strong Asian cues
27/02/2018
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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The Indian benchmark indices are set to open higher on Tuesday amid positive cues from other Asian peers.

The Asian markets have opened on a higher note tracking the rally on Wall Street which saw stocks close with gains of more than 1 percent, while Wall Street closed higher in the previous trading session as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth.

On the economy front, the markets may react to a report that investments in the domestic capital market through participatory notes (P-notes) plunged to a nearly eight-and-a-half-year low of Rs 1.19 lakh crore in January-end amid stringent norms put in place by regulator SEBI to check misuse.

Also, according to a report, the Reserve Bank said there will not be any extension to the February 28 deadline for mandatory KYC-compliance by prepaid wallet customers. The markets may also react to a report that the unemployment rate reached a 71-week high in the week ended February 25.

Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,647.50, up by 50 points.

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