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 have weak opening taking cues from gap down
opening in all the Asian markets and negative closing in global markets on
Thursday. The Indian markets continued to fall for sixth consecutive session
yesterday, with selling accelerating in the afternoon session, as lingering
concerns over Europe's debt crisis, the falling rupee and a worsening domestic
economy kept investors on the sidelines.
Global markets fell in the yesterday’s trading session, even when jobless claims
data showed unexpected reduction by 5,000, because Fitch Ratings signaled
trouble for U.S. banks if the debt contagion continues to spread beyond the
stressed European markets such as Portugal, Ireland, Italy, Greece and Spain.
Globally investors sold equities as well as assets to raise capital. Negative
sentiments were also generated by indications that the Congressional super
committee continues to struggle to reach an agreement on reducing the deficit a
week before the deadline.
Meanwhile, today investors will watch out for industrial sales numbers for Italy for
the month of September 2011.
Markets Today
The trend deciding level for the day is 16,559/4,964 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,710–16,958/5,008–5,081 levels. However, if NIFTY trades
below 16,559/4,964 levels for the first half-an-hour of trade then it may correct
up to 16,311–16,160/4,891–4,846 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 weak opening taking cues from gap down
opening in all the Asian markets and negative closing in global markets on
Thursday. The Indian markets continued to fall for sixth consecutive session
yesterday, with selling accelerating in the afternoon session, as lingering
concerns over Europe's debt crisis, the falling rupee and a worsening domestic
economy kept investors on the sidelines.
Global markets fell in the yesterday’s trading session, even when jobless claims
data showed unexpected reduction by 5,000, because Fitch Ratings signaled
trouble for U.S. banks if the debt contagion continues to spread beyond the
stressed European markets such as Portugal, Ireland, Italy, Greece and Spain.
Globally investors sold equities as well as assets to raise capital. Negative
sentiments were also generated by indications that the Congressional super
committee continues to struggle to reach an agreement on reducing the deficit a
week before the deadline.
Meanwhile, today investors will watch out for industrial sales numbers for Italy for
the month of September 2011.
Markets Today
The trend deciding level for the day is 16,559/4,964 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,710–16,958/5,008–5,081 levels. However, if NIFTY trades
below 16,559/4,964 levels for the first half-an-hour of trade then it may correct
up to 16,311–16,160/4,891–4,846 levels
No comments:
Post a Comment