Pre Session: Positive opening on cards for Sensex, Nifty; auto stocks in focus
01/11/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Indian benchmark indices are likely to open higher on Wednesday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trend across global peers. Markets across Asia were trading higher amid strong economic data and strong closing of US stocks. In the overnight trade, Wall Street ended at record high ahead of Federal Reserve policy meeting, on the back of strong corporate earnings and gains in technology stocks. The US Federal Reserve will start its two-day policy meeting on Tuesday at which it is expected to leave rates unchanged. Most market participants expect the US central bank to resume hiking rates in December 2017. Besides, investors are eagerly waiting for an announcement on the next Federal Reserve chair, which could come this week. Back home, bullish trend in the SGX Nifty Index Futures for November delivery, which were trading at 10,417.50, up by 38.5 points.
01/11/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Indian benchmark indices are likely to open higher on Wednesday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trend across global peers. Markets across Asia were trading higher amid strong economic data and strong closing of US stocks. In the overnight trade, Wall Street ended at record high ahead of Federal Reserve policy meeting, on the back of strong corporate earnings and gains in technology stocks. The US Federal Reserve will start its two-day policy meeting on Tuesday at which it is expected to leave rates unchanged. Most market participants expect the US central bank to resume hiking rates in December 2017. Besides, investors are eagerly waiting for an announcement on the next Federal Reserve chair, which could come this week. Back home, bullish trend in the SGX Nifty Index Futures for November delivery, which were trading at 10,417.50, up by 38.5 points.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
