Sunday, November 20, 2016

10-year yield to trade in range 6.41-6.46%: 21.11.2016

10-year yield to trade in range 6.41-6.46%: 21.11.2016
The 10-year benchmark is likely to trade in a range of 6.41-6.46 percent today, Edelweiss.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"The surplus systemic liquidity is expected to support the recent strong rally, especially at the shorter end of the curve. There might be some steepening of the curve as witnessed in the auction cut-offs on Friday and buying momentum could also slowdown, but a sharp reversal is unlikely." He further added, "The 10-year benchmark is likely to trade in a range of 6.41-6.46 percent today."