S.S.Tips-Good Morning-Premarket View for Stock Market - (05-Oct-2018 Friday)-
This Week Trend deciding level 10400 & 10800.
Today is RBI Policy.
Today NIFTY can open on a Negative note.SGX NIFTY is trading at 10,550.00 (-54.00)
Todays's NIFTY future resistance levels 10570-10600 if break 10600 & hold above it then it can go to 10650.
Todays's NIFTY future Support levels 10530-10500 if break 10500 & hold Below it then it can go to 10450.
Todays's BANKNIFTY future resistance levels 24800-24860 if break 24860 & hold above it then it can go to 25960.
Todays's BANKNIFTY future Support levels 25660-24600 if break 24600 & hold Below it then it can go to 24500.
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Good Morning-Premarket View for Stock Market - -
Nifty Index Resistance 10780-10810 & Support 10710-10680. (04-Oct-2018 Thrusday)
News --
Sensex tanks 600 points, Nifty below 10700, rupee hits fresh record low.
Auto stocks extend losses further.
L&T shares rise 2% on share buyback updates.
Venture debt firm Alteria makes second close of maiden fund at Rs.625 crore.
Oil prices ease, gold rates little changed.
U.S. Extends Monitor Term on China’s ZTE for Violating Probation.
Dollar scales 11-month peak on yen as U.S. yields surge.
Rupee heads towards 74, bond prices fall further.
Venture debt firm Alteria makes second close of maiden fund at Rs.625 crore.
Global Stock Market Commentary.-
Dollar scales 11-month peak on yen as U.S. yields surge -
The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Japanese stocks attempted to re-claim a 27-year peak.
The Nikkei added 0.4 percent on bets the falling yen would boost sales and profits at Japan’s many exporters.
Higher U.S. yields are anything but favorable for emerging markets, however, as they tend to draw away much-needed foreign funds while pressuring local currencies.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent in response.
Indian Stock Market Commentary --
Nifty breaches 10500, Sensex falls 250 points dragged by OMC stocks -
The BSE Sensex dives over 250 points, while the Nifty 50 slips below 10,500. Here are the latest updates from the markets
Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open cautious today ahead of the Reserve Bank of India’s policy decision. Of the 15 economists surveyed by Mint, 14 expect RBI to raise repo rate to 6.75%. SGX Nifty Futures traded 47 points lower, indicating a negative start for the Sensex and the Nifty 50. Both the indices fell over 2% in the previous session. The rupee opened marginally lower, but soon recovered and was trading little changed against the US dollar. FIIs sold shares worth Rs 2,760.63 crore on net basis, while DIIs purchased equities to the tune of Rs 1,823.59 crore on Thursday, provisional data showed.
In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe. The U.S. dollar was steady. Oil prices rose, lifted by looming U.S. sanctions against Iran’s crude exports that are set to start next month. Here are the latest updates from the markets.
