Pre Session: Gap down opening seen for Sensex, Nifty; Axis Bank, Bajaj Auto and Wipro Q2 eyed 17/10/2017

Pre Session: Gap down opening seen for Sensex, Nifty; Axis Bank, Bajaj Auto and Wipro Q2 eyed
17/10/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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Indian benchmark indices are likely to open lower in holiday-shortened week on Tuesday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were trading mixed as the Shanghai Composite fall, while Hong Kong's Hang Seng and Japan's Nikkei 225 were trading higher. Japanese markets extended rally ahead of lower house election scheduled at the end of the week. In the overnight trade, Wall Street ended slightly higher led by gains in financial and technology companies, while steady crude prices also boosted energy companies. Back home, bearish trend in the SGX Nifty Index Futures for October delivery, which were trading at 10,261.00, down by 20.00 points.

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