Market Outlook for 20 Sep 2016
Indian market is likely to open lower tracking negative clues from SGX Nifty which was trading 22 points down at 8803 at 8:48 a.m and may trade in a range ahead of FOMC meet. A break below 8750 may push Nifty lower towards 8690 levels. We expect a sharp correction in Nifty in Sep series taking it lower to 8540-8580 levels.
Asian markets are mostly trading mixed with negative bias.