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Dealer’s Diary
Indian markets are expected to have gap up opening taking cues from sharp
gains in early trade in all the Asian markets and positive closing of global
markets on Friday. The Indian markets fell for a second consecutive session
on Friday after data showed India's IIP grew merely at 1.9% yoy, its slowest
pace in two years in September, hurt by high interest rates and waning
demand amid global economic uncertainties.
Globally, markets extended the upward move on Friday benefiting from the
news that yields on Italian government bonds were falling after the Italian
Senate approved a package of austerity measures and economic reforms
demanded by European leaders. The rebound in US stocks was also aided
by better than expected consumer sentiment data for mid-month November
at 64.2.
Meanwhile, today investors will keenly watch out for the WPI inflation data
for October 2011. Also, IIP number for September 2011 of eurozone will be
on the radar as well.
Markets Today
The trend deciding level for the day is 17,190/5,170 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,282–17,372/5,198–5,226 levels. However, if NIFTY trades
below 17,190/5,170 levels for the first half-an-hour of trade then it may correct
up to 17,100– 17,007/5,141–5,114 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 have gap up opening taking cues from sharp
gains in early trade in all the Asian markets and positive closing of global
markets on Friday. The Indian markets fell for a second consecutive session
on Friday after data showed India's IIP grew merely at 1.9% yoy, its slowest
pace in two years in September, hurt by high interest rates and waning
demand amid global economic uncertainties.
Globally, markets extended the upward move on Friday benefiting from the
news that yields on Italian government bonds were falling after the Italian
Senate approved a package of austerity measures and economic reforms
demanded by European leaders. The rebound in US stocks was also aided
by better than expected consumer sentiment data for mid-month November
at 64.2.
Meanwhile, today investors will keenly watch out for the WPI inflation data
for October 2011. Also, IIP number for September 2011 of eurozone will be
on the radar as well.
Markets Today
The trend deciding level for the day is 17,190/5,170 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,282–17,372/5,198–5,226 levels. However, if NIFTY trades
below 17,190/5,170 levels for the first half-an-hour of trade then it may correct
up to 17,100– 17,007/5,141–5,114 levels.
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