Today’s Quote
The market today is dominated by much younger people who have not experienced a bear market.” -- George Soros quotes
Nifty Outlook
INDIAN MARKETS WERE RANGE BOUND (4570-4630) AND VOLATILE LAST FRIDAY. NIFTY CROSSED 4620 BUT DID NOT SUSTAINED AND MOVED DOWN DUE TO PROFIT BOOKING. INTRADAY CHARTS OF INDICES AND MORE THAN 50% NIFTY STOCKS ARE SHOWING SELLING FORMATIONS. IF NIFTY SUSTAINS BELOW 4570 TODAY THEN A VERY SHORT TERM CORRECTION WILL BE SEEN AND NIFTY MAY TEST 4470.
PS: Pls let me know if I am violating any of the Infosys policies by posting this ‘Market Outlook’ in BB, I would refrain doing so.
The above Views are purely based on my personal study.
News today
* Japan posts a 54% tumble in the April current-account surplus, far below what analysts forecast, as exports extend their decline, though slower than in March.
* Indian outsourcing giant Infosys reportedly plans to join several of its rivals by moving some of its business overseas to Brazil.
* The U.S. Supreme Court is expected to decide today whether a group of shareholders can continue attempts to block Chrysler LLC's sale of top assets to Italian automaker Fiat. full story
* Citigroup may soon sell off part or all of its 11.73% stake in India's largest mortgage lender, HDFC Bank Ltd , according to a report Monday in India's Economic Times.
* A top Chinese banker on Sunday called on the U.S. government and the World Bank to sell yuan-denominated bonds in Hong Kong and Shanghai to encourage the development of debt markets in those centers and to promote the yuan as a major international currency.
* Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery. He reiterated his cautious views regarding the surge in global stock markets, although he said it may have further to go given liquidity in the markets and that many investors are still sitting on the sidelines.
Tags: Market, USA, World, India, Stock
No comments:
Post a Comment