Derivative Outlook

NIFTY-TECHNICAL OUTLOOK

Today the markets are likely to open with flat note on the back of mixed global cues. All Emerging markets are trading in flat.The coming session is likely to witness a range of 4270 on declines and 4450 on advances.

WORLD MARKET COMMENTARY
Yesterday all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) were flat. Dow lost by 0.40% and closed at 8438.39; S&P 500 lost by 0.15% and closed at 919. European indices too ended in red with in FTSE down by 0.27%, DAX down by 0.50% & CAC 40 down by 1.05% Today major stock markets in Asia are trading in mixed. The Shanghai Composite is trading up by 0.44% at 2941; Hang Seng is down by 0.45% at 18517. However Japan’s Nikkei is up by 0.39% at 9916 and Singapore’s Straits Times is down by 0.10% at 2316.
Singapore Nifty future is currently is up by 6.0 point at 4390