Pre Session: Negative opening on cards for Sensex, Nifty; Axis Bank, IndiGo shares in focus 31/07/2018

Pre Session: Negative opening on cards for Sensex, Nifty; Axis Bank, IndiGo shares in focus
31/07/2018
NIFTY FUT  TREND           : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE

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Indian equity markets may open lower on Tuesday, tracking bearish trend across SGX Nifty Index Futures and soft cues from global peers. Overseas, Asian stocks were trading lower, following decline in global technology stocks, while caution prevailed in the market ahead of the Bank of Japan’s policy review. In the overnight trade, Wall Street ended lower, weighed down by extended fall in the technology stocks, ahead of power pack week ahead, with central bank meetings, corporate results and updates on US inflation and payrolls slated to be announced, Reuters reported. Back home, bearish trends in the SGX Nifty Index Futures for August delivery, which were trading at 11,329.50, down 14.50 points.
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