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Dealer’s Diary
Indian markets are expected to open in the green tracking positive cues from the
Asian markets in opening trade and encouraging developments from the Euro
zone which led to both European and US markets closing higher.
The Italian Prime Minister Silvio Berlusconi won a crucial vote on the country's
2010 budget plan, but failed to secure simple majority in the Parliament. The
prime minister then stated his intention to resign on the condition that the Italian
parliament passes a package of austerity measures demanded by the European
Union, leading to US markets rallying in the latter half of the trading day, which
was marked by high volatility throughout. The news offset some of the recent
political uncertainty in Italy, which had raised concerns about the euro zone's
third largest economy being dragged deeper into the regional debt crisis.
The investors worldwide are expected to continue focusing on the solution to Euro
crisis over the next few days as earning season winds down.
Markets Today
The trend deciding level for the day is 17,552/5,282 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,649–17,729/5,312–5,334 levels. However, if NIFTY trades
below 17,552/5,282 levels for the first half-an-hour of trade then it may correct
up to 17,472–17,375/5,259–5,230 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 in the green tracking positive cues from the
Asian markets in opening trade and encouraging developments from the Euro
zone which led to both European and US markets closing higher.
The Italian Prime Minister Silvio Berlusconi won a crucial vote on the country's
2010 budget plan, but failed to secure simple majority in the Parliament. The
prime minister then stated his intention to resign on the condition that the Italian
parliament passes a package of austerity measures demanded by the European
Union, leading to US markets rallying in the latter half of the trading day, which
was marked by high volatility throughout. The news offset some of the recent
political uncertainty in Italy, which had raised concerns about the euro zone's
third largest economy being dragged deeper into the regional debt crisis.
The investors worldwide are expected to continue focusing on the solution to Euro
crisis over the next few days as earning season winds down.
Markets Today
The trend deciding level for the day is 17,552/5,282 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,649–17,729/5,312–5,334 levels. However, if NIFTY trades
below 17,552/5,282 levels for the first half-an-hour of trade then it may correct
up to 17,472–17,375/5,259–5,230 levels.
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