Pre Session: Gap down opening seen for Sensex, Nifty; Eros International Media in focus 05/12/2017

Pre Session: Gap down opening seen for Sensex, Nifty; Eros International Media in focus
05/12/2017
NIFTY FUT  TREND            : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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Indian benchmark indices are likely to open lower on Tuesday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were subdued, weighed down by selloff in technology shares tracking weakness in US tech companies. In the overnight trade, Wall Street ended on mixed note, with Dow Jones industrial average notching record high, while S&P 500 and Nasdaq composite settled in red due to sharp selling in information technology stocks. Back home, bearish trend in the SGX Nifty Index Futures for December delivery, which were trading at 10,126.50, down by 34 points.

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