MARKET OVERVIEW GLOBAL TRACKER : 02.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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A surprise fall in the US manufacturing PMI, led to a selloff in the US dollar but the impending non-farm payrolls data in the evening will likely hold off investors from taking any market moving decisions.
US dollar weakened against all majors and trade is likely to be muted before the key data.
Manufacturing PMI data from UK could induce some volatility in Pound but everything else would remain range bound.
Rupee is set to open on a positive note, backed by the weaker US dollar. Focus would continue to remain on the US non-farm payrolls data but Rupee would stick to the 67.00-66.60 range for the day.
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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US dollar weakened against all majors and trade is likely to be muted before the key data.
Manufacturing PMI data from UK could induce some volatility in Pound but everything else would remain range bound.
Rupee is set to open on a positive note, backed by the weaker US dollar. Focus would continue to remain on the US non-farm payrolls data but Rupee would stick to the 67.00-66.60 range for the day.