MARKET OVERVIEW GLOBAL TRACKER : 30.08.2016
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The recovery in equities late in the US session continued today with the Asian markets gaining some
lost ground.
Expectations of rate hike from the US cooled off after the sharp rally on Monday.
US dollar returned some gains against the majors in the late US session but the dollar dominance
is likely to continue.
Economic data of moderate importance is due to be reported from UK and EU but markets focus would be on Friday’s nonfarm data.
Rupee is set to open on a marginally positive note but the trend of weakness is set to continue. We would like to use any dips to buy the pair
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The recovery in equities late in the US session continued today with the Asian markets gaining some
lost ground.
Expectations of rate hike from the US cooled off after the sharp rally on Monday.
US dollar returned some gains against the majors in the late US session but the dollar dominance
is likely to continue.
Economic data of moderate importance is due to be reported from UK and EU but markets focus would be on Friday’s nonfarm data.
Rupee is set to open on a marginally positive note but the trend of weakness is set to continue. We would like to use any dips to buy the pair
