Pre Market - Snapshot - 6-10-2021

 



US stocks moved higher on Tuesday following Monday’s tech lead sell-off despite of supply-and-demand friction that pushed energy prices to multiyear highs.The Dow rose 0.9%0, S&P 500 gained 1.10%, Nasdaq jumped 1.30%. The small cap Russell 2000 added 0.49% to overnight trade. 

US dollar index traded flat near 93.98, 10 year moved higher near 1.53% and Cboe Vix declined near 21. 

Crude futures continued to surge higher on OPEC+ decision on Monday. WTI moved near 80 to new 7 year highs, Brent topped 82.50 at fresh 3 year highs. 

Oil and Gas, IT and Power stocks took Indian indices higher on Tuesday, Nifty closed above 17800 and Sensex moved back towards 60000 ahead of crucial RBI policy slated for Friday.  

For the day watch for stock specific volatility as indices move towards psychological levels 0f 60000 for Sensex and 18000 for Nifty. Continue to maintain rotational trade for near term till Nifty takes out intermediate resistance of 17950-18000.

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