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 4330 on declines and 4500 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 1.08% and closed at 8529; S&P 500 rose by 0.91% and closed at 927. European indices too ended in green with in FTSE up by 1.25%, DAX up by 2.27% & CAC 40 up by 2.04% Today major stock markets in Asia are trading in positive. The Shanghai Composite is trading up by 0.01% at 2975; Hang Seng is up by 1.59% at 18823. However Japan’s Nikkei is up by 1.89% at 9968 and Singapore’s Straits Times is up by 1.37% at 2349.

Singapore Nifty future is currently is up by 37.0 point at 4426.