Please Share:: 
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 edge lower tracing weakness in Asian
markets in the early market trade. The domestic benchmark indices staged a
strong recovery yesterday, following advances in the European bourses over
renewed hopes of the eurozone bailout fund. Decent profits and no major
negative surprises in the corporate earnings season also weighed positively on
the markets.
Global cues remained mixed – Europe’s economic roller-coaster ride continued
with Moody’s downgrading Spain’s credit rating by two notches (A1from Aa2).
US indices closed on a weak note, reacting to Federal’ Reserve’s report on
economic strength which indicated persistent weakness.
On the domestic front, the market is relishing the positive vibes and may hold
strong breadth for some time. However, clues from global space aren’t looking
promising – pessimism surrounding the euro zone can reverse market directions.
The crucial corporate earnings season’s has gathered steam and will remain as
an overhang to the market.
Markets Today
The trend deciding level for the day is 17,022/5,121 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,170 – 17,255 / 5,166 – 5,194 levels. However, if NIFTY
trades below 17,022/5,121 levels for the first half-an-hour of trade then it may
correct up to 16,937– 16,790 / 5,094 – 5,048 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 edge lower tracing weakness in Asian
markets in the early market trade. The domestic benchmark indices staged a
strong recovery yesterday, following advances in the European bourses over
renewed hopes of the eurozone bailout fund. Decent profits and no major
negative surprises in the corporate earnings season also weighed positively on
the markets.
Global cues remained mixed – Europe’s economic roller-coaster ride continued
with Moody’s downgrading Spain’s credit rating by two notches (A1from Aa2).
US indices closed on a weak note, reacting to Federal’ Reserve’s report on
economic strength which indicated persistent weakness.
On the domestic front, the market is relishing the positive vibes and may hold
strong breadth for some time. However, clues from global space aren’t looking
promising – pessimism surrounding the euro zone can reverse market directions.
The crucial corporate earnings season’s has gathered steam and will remain as
an overhang to the market.
Markets Today
The trend deciding level for the day is 17,022/5,121 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,170 – 17,255 / 5,166 – 5,194 levels. However, if NIFTY
trades below 17,022/5,121 levels for the first half-an-hour of trade then it may
correct up to 16,937– 16,790 / 5,094 – 5,048 levels
No comments:
Post a Comment