Skip to main content
By

Markets at a Glance
Indian indices are likely to open lower today, tracking negative Asian markets, as sentiment were broadly weakened as European Central Bank (ECB) chief Mario Draghi, failed to deliver immediate action to contain the Eurozone debt crisis. Meanwhile Asian shares are trading low-er after the ECB chief disappointed investors who are hoping for an imminent move of bond purchases to bring down the borrowing costs of stressed euro zone members and to defend the euro. The yen gained against most of its counterparts, thus weighed over the exporters stocks. Further, the investors’ remain cautious ahead of Friday’s US’s jobs data. The SGX Nifty, Aug’12 contract last traded at 5,218, down by 30 points from previous session.
Wall Street Update
The US markets ended lower after the European Central Bank President Mario Draghi disap-pointed investors as he failed to announce new measures to help stem the European debt cri-sis. Draghi stressed on buy buying programme but did not provide no explicit details on how and when these activities may be carried out. Besides, there was a glimmer of hope on the US jobs front, as the weekly jobless claims came in line with expectations at365,000. While, the June Factory Orders showed a 0.5% decrease which was worse than the 0.6% increase that had been expected, suggesting the economy is struggling to break out of a soft patch.

Comments

Post a Comment

Popular posts from this blog

14 AUG NIFTY PERFORMANCE

By
THIS CHARTS SHOW THE INTRADAY PERFORMANCE OF NIFTY USING THE INTRADAY BUY SELL SIGNAL TRADING SYSTEM
Post a Comment
Read more

Get Live Charts Nifty Signal Using Buy Sell Signal Software

By
BEAR MARKET PREVAILS,NIFTY GIVES WAY Policy paralysis seems to be eating away the growth cycle recently picked up due to the sincere   efforts on the part of the govt coupled with well timed action by RBI which deemed fit to slash repo and CRR.   The depth in the market is deepening with every trading session .   Premiums in both NIFTY FUTURE and NIFTY OPTION are fast disappearing with discounts sneaking into it vigorously.   The NIFTY sunk below 5600 for the first time since November 23, 2012.   That was the first time that the Nifty actually flirted with the 200 day moving average (DMA).   Now it’s a big question that “is the NIFTY and midcap index which has outsmarted NIFTY in falling fast, replicating the trading pattern similar to 2008.   THE 200 DMA—KEY SUPPORT If one peeps into the recent past, one can get to know that the Nifty has not gone below 200 DMA on a closing basis.   In 2008, also the similar trend where midcaps ...
Post a Comment
Read more

NIFTY AND STOCKS RESEARCH

By
Indian indices ended marginally higher at 5347.90, up by 27.50 points or 0.52%, market opened on the cautious note following the warnings from Fitch for a possible downgrade of India's credit rating and lack of positive cues from Asian peers. However, Market gained momentum in late trading hours after value buying in index heavy weights. Nifty has formed a big Bullish candle on daily charts closing almost at the high of the day, index holding its supporting trend line indicating that short term uptrend is still intact and Nifty finds buying support at lower levels. However, Nifty closed at tab below it major resistance zone of 5,360‐5,380. In the coming session, sustaining above the 5,380 mark will see follow up buying towards 5420‐5460. Failure to make headway above 5,360‐5,380 will see the index react lower towards the support placed around 5300. Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,330. First resistance for the Nifty is 5,...
Post a Comment
Read more