Where NIFTY WILL GO ?

All the Asian market closed negative on Friday. Today we expect the Nifty to take a dent at the time of opening and this can be more bigger dent if the index took a Gap Down, Putting an Eye on the upcoming Global Data, FOMC (Federal Market Open Commission) meeting is scheduled on 15th June which can be a big twister as we may see change in Interest Rate, and market becomes more volatile at the time of FOMC Statement release. German Bond yield broke down, NYMEX Crude brought sadness on faces by hammering down to 3% Looking to our neighbor who is famous for production, the fig. remain same, 6.0% for Chines Retail Production, which was expected to be down by 0.1% where on other hand the retail sales came right on expectation. Retail Sales came down by 0.1% from the previous release and the release is 10.0%

Chopping down to Indian Facts and Fig, GST meeting scheduled on 15th June lead by Amit Mitra and market expects relaxation by the GST meetings update. But the FOMC meeting which is on the same day may bring surprise to the Economical Factors.
Getting more focused on today’s trading session we expect a negative opening today and looking on the global scenario a gap down can be seen with no surprise. Sellers would dominate buyers for the day putting keen eye on Banking sector for negative moves, further PSU Banks will be on target for short sell. Coming on the buying side Mettle sector will be first preference.
Lets see how the market perform today and how we pull money into our pockets, Happy trading for the day.