November 25, 2014
Time: 8.40 am
Pre Market Report:
Time: 8.40 am
Pre Market Report:
- US markets closed at all time high once again.
- It has been the case for the past many days.
- Asian markets are firm.
- The news over the weekend regarding Europe stimulus and China rate cut are so strong so that markets all over the world are likely to hold on the the gain made yesterday.
- SGX Nifty is trading moderately higher at 5845.
- Crude trading close to US$80 and Gold close to US$1200.
- As long as these two are trading lower, there will be no threat in the medium term.
- But as we are very near expiry, there will be some volatility.
- One wave of profit booking is not ruled out as markets surged significantly in the last few days.
- Nifty future is expected to take support at 8500.
- Resistance will be at 8580.
Comments
The NIFTY is down 11.90 points at 8518.25. And SGX Nifty is trading 12.50 points higher.
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Essar Steel raises $1 bn to fund rupee debt.
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After Thursday's strong rally, gold prices slipped by Rs 150 to Rs 28,950 per ten grams, largely on its global weakness amid subdued demand from local jewellers.
ReplyDeleteSilver also dropped by Rs 350 to Rs 41,000 per kg on reduced offtake by industrial units and coin makers. MCX tips
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