Pre Market - Snapshot - 11-10-2021

 


US stocks closed in the red on Friday on weaker than expected labour market report. 


US dollar index closed lower at 94.10, 10 year crossed 1.61%, Cboe Vix declined below 19. 


Crude futures continued to trade higher, WTI inched near 80, Brent crossed 82.50.


Domestic indices traded higher on dovish RBI comments and central bank lowering inflation forecast staying on course of accomodation and maintaining the growth expectations at 9.50%. Sensex gained 0.63%, Nifty added 0.59% on Friday. 


For the week watch for some volatilty as Nifty takes on 18000 and Sensex consolidates above 60000. Watch for Q2 results season starting this week for short-term trading opportunity. For medium term continue to trail stop loss for a life beyond 18000 for Nifty and year-end rally along with some serious meltup in mid and small cap names.


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