Skip to main content

NIFTY AND STOCK MARKETS MORNING OUTLOOK 8TH AUG

By

August 08, 2012
-Daily Morning Outlook-
Markets at a Glance
A gap up opening is likely on the cards for the Indian indices today tracking positive Asian mar-kets. Meanwhile Asian shares are trading higher today, extending their sharp rally for the third straight day, on heightened expectations that central banks in the US and Europe may take immediate actions to boost their respective economies. Japan's Nikkei 225 leading the surge to test the psychological 9,000 level, powered by exporters buoyed by expectations of fresh stim-ulus measures from central banks, boost risk appetite. In the absence of any economic data, investors are eyeing the key data from China to be released on Thursday, including industrial production, retail sales and inflation, to gauge the health of the world’s second-largest econo-my. The SGX Nifty, Aug’12 contract last traded at 5,370, up by 30 points from previous session.
Wall Street Update
The US markets continued their gaining streak for the third straight day, with the S&P and Nasdaq rose to three month high bolstered by expectations the European Central Bank would act soon to contain the Eurozone's debt crisis. Further, adding to the bullish tone, a belief among investors that the Federal Reserve will take additional steps to boost economy if growth remains sluggish. However, the volumes remained thin that kept the markets relatively flat following the opening thrust higher, while the S&P 500 and Nasdaq finished over 1,400 and 3,000 for the first time since the start of May.
Previous Day Roundup (Domestic)
 Indian benchmark indices ended higher extended their previous session rally with both the BSE Sensex and the NSE Nifty surged more than 1%, on continued optimism over economic reforms.
 On the sectoral front, barring the Health Care and Consumer Durables indices, rest all the indices ended in positive, mainly led by the IT, Auto, Teck, Realty and Bankex indices up by more than 1% to 2%.
 The BSE Sensex closed at 17,602 up by 189 points or by 1.1% and NSE Nifty closed at 5,337 up by 54 points or 1.0%.
 The Indian rupee rose to as high as 55.07 against the dollar on account of heavy dollar sales by the domestic companies.

INTRADAY TRADING SYSTEMS AND NIFTY BUY SELL SOFTWARE

Comments

Post a Comment

Popular posts from this blog

By
Post a Comment
Read more

Intraday Trading Software

By
STOCK TRADING By all standards of judgments, trading is complex; so the trading strategies that can execute them are also complex.  Because trading platforms can provide volumes of analytic information, complex charting tools and can potentially help one make thousand dollar decisions, it is imperative that one finds a trading tool that works best for technical analysis and can help to make profit from stock market. Mentioned below are some criteria and reviews of INTRADAY trading software CHART ANALYSIS/CHARTING TOOL The best intraday trading programme provides powerful tools for creating charts, such as for charting the historical trend of a stock.  We look for intraday software that provides helpful tools like watch lists, alerts, simulated trading, back testing, alerts, intraday tips, chart analysis and many more. UPDATED MARKET DATA SERVICES SUPPORTED In fact, intraday software must be linked with either a free or subscription-based data service to provide up-...
Post a Comment
Read more
By
Technical Overview Indian indices continued its buying momentum for second consecutive trading session, with Nifty closing at 5199.80, up by 56.85 points or 1.96%, posting biggest single day gain in a month. Buying in Indian markets fuelled on hopes of monetary stimulus in the Euro zone and the U.S. Nifty formed a big bullish candle with no shadows on either side on daily charts, closed above major resistance level of 5,150 and also breached the downward sloping channel on the upside signaling that bulls are back in business. Nifty closed at 5,200 highest levels of the day is a very bullish indication. Further, if the index continues to sustain above 5,200 level then it is likely to witness a buying rally and it might again move towards resistance of 5,260-5,300 level, while supports stands at 5,150-5,140.Trading strategy would be to Sell if market resist at 5,260 and Buy if support at 5,180. First resistance for the Nifty is 5,228 and next resistance 5,256 and first supp...
Post a Comment
Read more