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Dealer’s Diary
The Indian markets are expected to open flat to marginally positive on the back
of mixed global cues and positive opening in most of the Asian markets in the
early market trade. The domestic benchmark indices rallied on Friday as they
played catch-up to a global rally in equities and commodities on Thursday. The
Labor Department in the US released its closely watched monthly employment
report, showing stronger-than-expected job growth in September as well as
upward revisions to the data from previous months, but despite stronger-thanexpected
job growth, the unemployment rate remained at 9.1% in September,
unchanged from the previous month. The overall job creation figure stood at
1,03,000, exceeding the 65,000 predicted by economists. In Eurozone,
financial stocks were pulled lower on Friday after the announcement that
Moody's had downgraded a number of banks in the UK and Portugal. But the
market is likely to take positive cues from the announcement by French and
German leaders to come up with a package of reforms to recapitalize banks,
get Greece on the right track and fix Europe’s economic governance in
three weeks.
Markets Today
The trend deciding level for the day is 16,243/4,891 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,337–16,441/4,920–4,952 levels. However, if NIFTY
trades below 16,243/4,891 levels for the first half-an-hour of trade then it may
correct up to 16,139–16,045/4,859–4,829 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The Indian markets are expected to open flat to marginally positive on the back
of mixed global cues and positive opening in most of the Asian markets in the
early market trade. The domestic benchmark indices rallied on Friday as they
played catch-up to a global rally in equities and commodities on Thursday. The
Labor Department in the US released its closely watched monthly employment
report, showing stronger-than-expected job growth in September as well as
upward revisions to the data from previous months, but despite stronger-thanexpected
job growth, the unemployment rate remained at 9.1% in September,
unchanged from the previous month. The overall job creation figure stood at
1,03,000, exceeding the 65,000 predicted by economists. In Eurozone,
financial stocks were pulled lower on Friday after the announcement that
Moody's had downgraded a number of banks in the UK and Portugal. But the
market is likely to take positive cues from the announcement by French and
German leaders to come up with a package of reforms to recapitalize banks,
get Greece on the right track and fix Europe’s economic governance in
three weeks.
Markets Today
The trend deciding level for the day is 16,243/4,891 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,337–16,441/4,920–4,952 levels. However, if NIFTY
trades below 16,243/4,891 levels for the first half-an-hour of trade then it may
correct up to 16,139–16,045/4,859–4,829 levels.
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