MARKET OVERVIEW GLOBAL TRACKER : 12.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Asian markets are completely in the red, continuing with the negative trend from the Friday.
Talks of FED, amidst the rebound in US dollar led to the fall in risk appetite.
US dollar continued to appreciate as the US dollar rebound continued against the majors.
Focus would be on the British Pound this week, with many important events scheduled.
Indian rupee is set to open on another negative note as the risk off sentiment continued. We
expect no major change in the trend but 67.00 in spot could limit rapid depreciation.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Asian markets are completely in the red, continuing with the negative trend from the Friday.
Talks of FED, amidst the rebound in US dollar led to the fall in risk appetite.
US dollar continued to appreciate as the US dollar rebound continued against the majors.
Focus would be on the British Pound this week, with many important events scheduled.
Indian rupee is set to open on another negative note as the risk off sentiment continued. We
expect no major change in the trend but 67.00 in spot could limit rapid depreciation.
