Futures

Market Opening Analysis Weak opening as indicated by GIFT Nifty. Nifty to open with a gap down of 100-115 points. Resilient Indian market as market managed to end on a flat note on 2 nd April despite weak global sentiments. Nifty formed a small doji candle, signalling indecisiveness among buyers and sellers. Considering there are no negative cues, the short term uptrend remains intact. Mid cap and small cap stocks to maintain their momentum. Today mark’s the beginning of 3 day RBI MPC meeting. There is no expectation in change of rates, but increase in estimates for Friday. OPEC and OPEC+ Meeting today, members might be insisted for output cut. Fed Chairman to give Economic Outlook Forum today at 9:40 PM IST. China services PMI, Eurozone inflation rate and unemployment, US Crude oil inventory numbers are expected today. Crude oil prices boost up on accounts of stronger demand, Mideast tensions and US Manufacturing data. Asian Markets KOSPI, NIKKEI AND HangSeng are trading in t