@AlliesFinbot
Nifty expected to open with some weakness. Watch 9044 support for intraday recovery on the higher side, a break above 9180 will take Nifty to a probable target zone of 9405-9440 zone. With government stimulus announcement already priced, market would be looking for direction from global equities and development on Covid-19. Also the news on extension of lockdown may have to be digested by traders and investors.
US markets on Friday traded in a much required narrow range with small upward bias. Asian markets in morning trade are showing some kind of stabilization with small upward bias.
Crude futures rose further on the back of IEA comments last week, risk-on sentiment and production cut plans, WTI moved near 31, Brent crossed 33. US bond yeilds also remained steady near 0.64, $ index remained ranked near 100.4, CBOE vix fell a tad to close below 32.
Japan Q1 GDP came in at 3.4% fall vs 4.6% estimates
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