Indian markets expected to open lower tracking Asian Markets - TRANS SCAN

The Indian markets are expected to open lower on Friday tracking weak Asian markets. Technically, Nifty broke its support levels of 5720-5730 levels on closing basis on Thursday which indicates a cautious sign ahead.

Overnight, US Stocks ended marginally lower even though the US economy grew slightly in the fourth quarter, reversing an earlier estimate showing contraction.

Asian shares edged lower tracking weakness in global markets and Chinese factory activity grew at its slowest pace in four months.

Source : Equity Bulls

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