Skip to main content

NIFTY AND STOCKS UPDATES

By

Markets at a Glance
A gap-up opening is likely for the Indian indices today largely mirroring positive Asian markets, as the stronger-than-expected US jobs reported on Friday, lifted investors sentiments. The in-vestors will keep a close eye over the shares of DLF and SAIL ahead of the quarterly results to-day. Meanwhile Asian shares are trading significantly higher, cheered by US jobs figures and renewed hopes from European Central bank (ECB), as ECB officials said that the central bank could intervene and buy the bonds of struggling euro-zone countries without unanimous ap-proval. Besides, China’s central bank over the weekend pledged to boost its monetary policy measures and improve credit policy to provide a fillip to the world’s second largest economy. The SGX Nifty, Aug’12 contract last traded at 5,287, up by 44 points from previous session.
Wall Street Update
The US markets rose to a three-month high on Friday, after the US payrolls data rose more than expected in July combined with a positive ISM Service boosted sentiments. The financial sector was the top performer of the day, driven by the strength in European banks on the back of a significant drop in Italian and Spanish yields. On the economic front, the nonfarm payrolls increased by 163K much better than the 100k gain expected, while nonfarm private payrolls added 172K against expectations of a 105K increase. The unemployment rate inched up slightly by 8.3% from its previous reading of 8.2%. Meanwhile, the July ISM Services index came in at 52.6, slightly above the 52.3 Briefing.com consensus, and up from June's 52.1 reading.
Previous Day Roundup (Domestic)
 Indian benchmark indices staged a smart recovery in the second half of the session to close the last trading session of the week marginally lower largely mirroring positive European markets.
 On the sectoral front, the Metal index was the biggest loser today, down with a cut of 1.6%, followed by Auto, Bankex and Realty indices down by 0.6% to 0.8%. While, the Oil & Gas, Health care, IT and Teck indices remained on buyers radar.
 The BSE Sensex closed at 17,198 down by 26 points or by 0.2% and NSE Nifty closed at 5,216 down by 12 points or 0.2%.
 The Indian rupee strengthened against the US dollar led bya late session recovery tracking

NIFTY STOCKS COMMODITIES INTRADAY TRADING SYSTEMS

Comments

Post a Comment

Popular posts from this blog

By
Post a Comment
Read more

The Buzz on Forex Mt4 Strategies

By
The Facts About Forex Mt4 Indicators Revealed Scalping has come to be one of one of the most prominent forex strategies. The idea behind scalping is to open and close trading settings quickly, making a little profit at the same time. By "swiftly" we suggest a duration of time that is generally numerous minutes in duration, in some cases even a number of secs; by "a tiny revenue", a profit of 1-5 pips. Examine This Report about Forex Exit Indicators Mt4 Since scalping traders do not maintain employment opportunities for long, they are not as exposed to market volatility or swings as various other forex investors. Our forex scalpers are based upon an one-of-a-kind trading technique. Our foreign exchange scalpers were forward-tested in genuine or demo accounts. Our major foreign exchange scalpers come furnished with a GMT auto-determination component, which permits these scalpers to be made use of by any broker without further adjustments/modific...
Post a Comment
Read more

TRADE EXIT STARTEGY IN DAY TRADING

By
My Exit Beliefs In part one of this article, we considered a few questions: Should we use a tight stop loss to cut any losses quickly, or a wide stop loss to allow some room to move? How quickly should we move the stop loss to breakeven ? Should we take profits at a target, or should we let the profits run, perhaps trailing a stop behind the price? In attempting to answer these questions we looked at a number of charts, we chose entry criteria, and then looked at possible options for the exit. And this is what we discovered: Firstly, in each case, the profit or loss taken out of the trade was more a result of our chosen stop and exit method, not our entry. For the same entry, there were numerous possible exits, some profitable, some breakeven and some at a loss. And secondly, we cannot know, except with hindsight, what will be the most profitable exit strategy for that particular trade. In other words - the exit is more important than the entry. The exit has more bearing on w...
Post a Comment
Read more