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Dealer’s Diary
Indian markets are expected to edge lower tracing weakness in Asian markets.
The domestic indices declined on Friday for the third consecutive week as
weakening trend in global markets on concerns over the euro zone debt crisis
continued to spook investors.
Global markets remained largely weak. European bourses closed lower on
Friday on the prolonged sovereign debt crises. Concerns also brewed on growing
rift between Germany and France over ECB’s involvement on fixing the debt
crises partially weigh on the markets. Major US indices closed on a mixed note
following developments in the Euro-zone.
On the domestic front, earnings season have ended on a mixed note.
Nonetheless, markets are captured with negative sentiments owing to hardened
business environment. In addition, Europe’s economic roller-coaster will remain
as an overhang. Investors will also watch out for US home sales data which will
partially indicate the health of US economy.
Markets Today
The trend deciding level for the day is 16,311/ 4,887 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,457 – 16,543 / 4,935 – 4,965 levels. However, if NIFTY
trades below 16,311/ 4,887 levels for the first half-an-hour of trade then it may
correct up to 16,225 – 16,079 / 4,875 – 4,809 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 edge lower tracing weakness in Asian markets.
The domestic indices declined on Friday for the third consecutive week as
weakening trend in global markets on concerns over the euro zone debt crisis
continued to spook investors.
Global markets remained largely weak. European bourses closed lower on
Friday on the prolonged sovereign debt crises. Concerns also brewed on growing
rift between Germany and France over ECB’s involvement on fixing the debt
crises partially weigh on the markets. Major US indices closed on a mixed note
following developments in the Euro-zone.
On the domestic front, earnings season have ended on a mixed note.
Nonetheless, markets are captured with negative sentiments owing to hardened
business environment. In addition, Europe’s economic roller-coaster will remain
as an overhang. Investors will also watch out for US home sales data which will
partially indicate the health of US economy.
Markets Today
The trend deciding level for the day is 16,311/ 4,887 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,457 – 16,543 / 4,935 – 4,965 levels. However, if NIFTY
trades below 16,311/ 4,887 levels for the first half-an-hour of trade then it may
correct up to 16,225 – 16,079 / 4,875 – 4,809 levels.
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