MARKET OVERVIEW GLOBAL TRACKER : 07.09.2016

MARKET OVERVIEW GLOBAL TRACKER : 07.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE


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Asian markets are trading on positive note as investors stand to accept no hike in September after
another disappointing economic data from the US. US dollar continued its sell off after a sharp drop in nonmanufacturing PMI. Key data to be reported from the UK today and US beige book to be released later in the evening. We expect the weakness in dollar to continue. Rupee is set to open on another positive note as weakness in dollar continues. Risk on sentiment across the globe is
likely to help rupee appreciate further.

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