Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
Indian markets are expected to open with a negative bias on the back of
negative cues from Asian markets which may overshadow the overnight rally in
US stocks. US stocks rebounded from two days of sharp losses on Wednesday
after the Federal Reserve said it is prepared to do more for the economy if
conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.
The Federal Reserve on Wednesday slashed its forecast for growth, raised
projections for unemployment and said it was mulling the possibility of buying
more mortgage debt to spur a struggling recovery. Fed said the economy has
picked up while “significant downside risks” remain. Also helping Wednesday's
market gains, data showed US private employers added more jobs than
expected last month.
European leaders have cut off aid payments to Greece and said a referendum
(tentatively scheduled for December 4th/5th) will determine whether Greece will
get the aid and its continuance in the 17-country euro area. China’s Vice FM said
on Wednesday that it was ‘too soon’ to discuss further EFSF purchases. India
could consider supporting extra financing for the euro zone if European
policymakers make a credible assessment of its solvency problems, Indian
Finance Minister said on the sidelines of G-20 summit.
Indian markets would be watching out for weekly inflation and services PMI data
which are due for release today. Domestic equities were resilient on Wednesday,
outperforming the global peers in spite of weaker cues.
Markets Today
The trend deciding level for the day is 17,473 / 5,255 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,608 – 17,751 / 5,304 – 5,350 levels. However, if NIFTY
trades below 17,473 / 5,255 levels for the first half-an-hour of trade then it may
correct up to 17,330– 17,195 / 5,209 – 5,159 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
Indian markets are expected to open with a negative bias on the back of
negative cues from Asian markets which may overshadow the overnight rally in
US stocks. US stocks rebounded from two days of sharp losses on Wednesday
after the Federal Reserve said it is prepared to do more for the economy if
conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.
The Federal Reserve on Wednesday slashed its forecast for growth, raised
projections for unemployment and said it was mulling the possibility of buying
more mortgage debt to spur a struggling recovery. Fed said the economy has
picked up while “significant downside risks” remain. Also helping Wednesday's
market gains, data showed US private employers added more jobs than
expected last month.
European leaders have cut off aid payments to Greece and said a referendum
(tentatively scheduled for December 4th/5th) will determine whether Greece will
get the aid and its continuance in the 17-country euro area. China’s Vice FM said
on Wednesday that it was ‘too soon’ to discuss further EFSF purchases. India
could consider supporting extra financing for the euro zone if European
policymakers make a credible assessment of its solvency problems, Indian
Finance Minister said on the sidelines of G-20 summit.
Indian markets would be watching out for weekly inflation and services PMI data
which are due for release today. Domestic equities were resilient on Wednesday,
outperforming the global peers in spite of weaker cues.
Markets Today
The trend deciding level for the day is 17,473 / 5,255 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,608 – 17,751 / 5,304 – 5,350 levels. However, if NIFTY
trades below 17,473 / 5,255 levels for the first half-an-hour of trade then it may
correct up to 17,330– 17,195 / 5,209 – 5,159 levels.
No comments:
Post a Comment