The Nikkei Services PMI in India rose to 52.2 in May 2017 from 50.2 in April 2017.A host of macroeconomic data is slated to release next week.Germany Manufacturing Purchasing Managers Index (PMI) data and UK Manufacturing PMI data for June will be unveiled on Monday. The US unemployment rate data for June 2017 will also be unveiled on Friday. "Given the overall technical structure of the charts, we expect the market to remain in a broad trading range," writes Milan Vaishnav, CMT. "Though it may not post major downsides, at the same time any runaway rise is equally unlikely.The 9,590 and 9,685 levels are likely to act as resistance area in the coming week. Aviation turbine fuel or jet fuel constitutes more than 50 per cent of operating cost for airliners.

Source: Economic Times July 02, 2017 06:15 UTC