INDIAN MARKETS FELL IN THE STARTING AND FOR THE WHOLE DAY WEAK TREND CONTINUED, DUE TO WEAK GLOBAL CUES. EVERY RECOVERY ATTEMPTED WAS SOLD OFF AND WITHIN A RANGE BOUND VOLATILITY CONTINUED. NIFTY SHUT SHOP AT 5031.95, DOWN BY 52.30 POINTS AND SENSEX ENDED AT 16745.35, DOWN BY 188.48 POINTS. MARKET BREADTH WAS NEGATIVE AND BOTH MID-CAP AND SMALL-CAP INDEX WAS MARGINALLY IN RED.
GOING FORWARD INDIAN MARKETS WILL DANCE MAINLY ON GLOBAL CUES. DEVELOPMENT OVER THE ELIGIBILITY OF GREECE FOR ITS NEXT AID PAYMENT WILL BE IN FOCUS. ON THE OTHER SIDE FOMC's 2 DAYS MEET (ON U.S INTEREST RATE) IS SCHEDULED ON 20-21ST SEPTEMBER 2011. ITS IMPORTANT TO SEE WHAT FED ANNOUNCES ON FURTHER MEASURES FOR THE REVIVAL OF THE U.S ECONOMY. HOWEVER SIDE WAYS MOVEMENT COULD NOT BE RULED OUT FOR NEXT 2-3 TRADING SESSIONS. THE BROAD RANGE OF THE NIFTY SHALL BE 4900-5200.
FOR TODAY: KEEP EYE ON 5040.
IF NIFTY SUSTAINS ABOVE 5040 THEN NIFTY MAY TOUCH 5060 & 5090 ON THE LOWER SIDE IF NIFTY SUSTAIN BELOW 5040 THEN NIFTY COULD TOUCH TO 5010 & 4990 ALSO.
NIFTY MAY OPEN WEAK, HOWEVER THERE WILL BE INTRA-DAY RECOVERY. OVERALL A RANGE BOUND TRADE(5000-5040-5100) WITH STOCK SPECIFIC ACTIVITY.
ASTROLOGICALLY: WE SUGGEST TO STAY OUT OF THE MARKET FOR NEXT 2-3 DAYS. TRADING IN NIFTY AND STOCKS MAY RESULT IN LOSSES.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
GOING FORWARD INDIAN MARKETS WILL DANCE MAINLY ON GLOBAL CUES. DEVELOPMENT OVER THE ELIGIBILITY OF GREECE FOR ITS NEXT AID PAYMENT WILL BE IN FOCUS. ON THE OTHER SIDE FOMC's 2 DAYS MEET (ON U.S INTEREST RATE) IS SCHEDULED ON 20-21ST SEPTEMBER 2011. ITS IMPORTANT TO SEE WHAT FED ANNOUNCES ON FURTHER MEASURES FOR THE REVIVAL OF THE U.S ECONOMY. HOWEVER SIDE WAYS MOVEMENT COULD NOT BE RULED OUT FOR NEXT 2-3 TRADING SESSIONS. THE BROAD RANGE OF THE NIFTY SHALL BE 4900-5200.
FOR TODAY: KEEP EYE ON 5040.
IF NIFTY SUSTAINS ABOVE 5040 THEN NIFTY MAY TOUCH 5060 & 5090 ON THE LOWER SIDE IF NIFTY SUSTAIN BELOW 5040 THEN NIFTY COULD TOUCH TO 5010 & 4990 ALSO.
NIFTY MAY OPEN WEAK, HOWEVER THERE WILL BE INTRA-DAY RECOVERY. OVERALL A RANGE BOUND TRADE(5000-5040-5100) WITH STOCK SPECIFIC ACTIVITY.
ASTROLOGICALLY: WE SUGGEST TO STAY OUT OF THE MARKET FOR NEXT 2-3 DAYS. TRADING IN NIFTY AND STOCKS MAY RESULT IN LOSSES.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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