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Dealer’s Diary
The Indian markets are expected to open gap up on the back of supportive
global cues which lead to rally in global markets and positive opening in all the
Asian markets in the early market trade. The domestic benchmark indices
rallied for the second consecutive day yesterday as positive employment data
from the US and easing concerns over euro-zone banks drove investor appetite
for risk. Yesterday realty, consumer durable, oil and gas, technology and auto
stocks rallied, while defensive healthcare and FMCG stocks closed subdued.
Globally, US and European markets extended their upward movement
yesterday backed by renewed optimism about the financial situation in Europe
as German and France leaders vowed to unveil a new plan to address the
European debt crisis by the end of the month which indicated that they have a
concrete plan to fix the troubles in the European banking sector. On the global
front the key event to watch out today will be UK’s industrial production data.
Also on the domestic front IIP numbers for August 2011 which will be released
tomorrow, will be on the radar as well.
Markets Today
The trend deciding level for the day is 16,461/4,951 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,692–16,826/5,020–5,060 levels. However, if NIFTY
trades below 16,461/4,951 levels for the first half-an-hour of trade then it may
correct up to 16,327–16,096/4,911–4,842 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 gap up on the back of supportive
global cues which lead to rally in global markets and positive opening in all the
Asian markets in the early market trade. The domestic benchmark indices
rallied for the second consecutive day yesterday as positive employment data
from the US and easing concerns over euro-zone banks drove investor appetite
for risk. Yesterday realty, consumer durable, oil and gas, technology and auto
stocks rallied, while defensive healthcare and FMCG stocks closed subdued.
Globally, US and European markets extended their upward movement
yesterday backed by renewed optimism about the financial situation in Europe
as German and France leaders vowed to unveil a new plan to address the
European debt crisis by the end of the month which indicated that they have a
concrete plan to fix the troubles in the European banking sector. On the global
front the key event to watch out today will be UK’s industrial production data.
Also on the domestic front IIP numbers for August 2011 which will be released
tomorrow, will be on the radar as well.
Markets Today
The trend deciding level for the day is 16,461/4,951 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,692–16,826/5,020–5,060 levels. However, if NIFTY
trades below 16,461/4,951 levels for the first half-an-hour of trade then it may
correct up to 16,327–16,096/4,911–4,842 levels.
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