Derivatives Research

NIFTY-TECHNICAL OUTLOOK:

Today the markets are likely to open with positive note on the back of positive global cues. All Emerging markets are trading in green.
The coming session is likely to witness a range of 4150 on declines and 4330 on advances.

WORLD MARKET COMMENTARY:

Yesterday all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) were in green. Dow gained by 2.08% and closed at 8472; S&P 500 gained by 2.14% and closed at 920. European indices too ended in red with in FTSE down by 0.64%, DAX down by 0.73% & CAC 40 down by 0.68% Today major stock markets in Asia are trading in mixed. The Shanghai Composite is trading down by 0.07% at 2923; Hang Seng is up by 0.61% at 18387. However Japan’s Nikkei is up by 0.24% at 9819 and Singapore’s Straits Times is up by 0.83% at 2322. Singapore Nifty future is currently is up by 12.0 point at 4290.0.