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View Full Version : Bremain Pulls Global Markets Up, India Down on Rajan's Decision



DynamicLevels
06-20-2016, 05:43 AM
Nifty is expected to open 75 points gap down at 8099, as per SGX (https://www.dynamiclevels.com/en/sgx-nifty-future-index) at 8:00 am IST. The FII and Pro are still on the sell side of the market as indicated from the open interest data below. In last 5 days they have sold 41 Lakh shares in Index Futures and 1.67cr share in Index options. Indian markets would remain under pressure as RBI chief Rajan confirms his stepping down from his post at the end of his term in September. However Upbeat international markets might pull Nifty (https://www.dynamiclevels.com/en/nifty-share-price) upwards.

After the murder of UK MP Joe Cox the campaigning around BREXIT was close in Britain for last 2 days. The latest polls show a shifting interest towards the "Remain" group. The international markets are opening upbeat with S&P Futures (https://www.dynamiclevels.com/en/s-and-p-500-index) trading at 2080 today morning near its recent high of 2086. Similar move has been seen in the Asian peers where Nikkei opened gap up and trading at 15943 after making a high of 16035. Its recent high was 16082. GBP has given a breakout and risen 600 ticks from its lows signaling strength in the markets.