MARKET OUTLOOK : 09.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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Asian markets, tracking the weak close of the west, are seen in the red this morning as markets take a break from the rallies of the last few days. Expectations of additional stimulus from the ECB were not met and led to some disappointment for the bulls.
US dollar gained some more ground from the lows that were seen Friday to Tuesday but markets continued to assume no rate hike this month.
Limited economic data could leave the majors range bound with Euro being active in the afternoon
session.
Indian rupee is expected to open on another negative note reflecting the risk off sentiment that is being seen from yesterday and the trend is likely to continue today
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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US dollar gained some more ground from the lows that were seen Friday to Tuesday but markets continued to assume no rate hike this month.
Limited economic data could leave the majors range bound with Euro being active in the afternoon
session.
Indian rupee is expected to open on another negative note reflecting the risk off sentiment that is being seen from yesterday and the trend is likely to continue today
