Pre Session: Gap up opening seen for Sensex, Nifty; IL&FS group shares in focus 26/09/2018

Pre Session: Gap up opening seen for Sensex, Nifty; IL&FS group shares in focus
26/09/2018
NIFTY FUT  TREND           : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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Indian equities may continue gaining momentum for the second session on Wednesday, tracking bullish trend across SGX Nifty Index Futures, while mixed cues from global peers and F&O-induced volatility may restrict gains. Overseas, the Asian stocks were trading mixed as traders awaited the outcome of the Federal Reserve’s meeting. The markets also look for direction amid looming trade tensions as the latest round of conflict between the US and China may escalate tariffs war. In the overnight trade, Wall Street ended mixed as investors looked forward to US Fed policy stance on future interest rate hikes. Back home, bullish trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,184.50, up by 62.00 points.

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