200 and more points falls in opening is in cards.After that small recoveries could possilble, but along with the global mood most probably sensex will close with negative mood.Nifty trading in an interesting way that it still not identified its way to move for the november series.
Japan is loosing after the GDP data out , likely to continue untill central bank s further move.Its the second continuous quarter that japan GDP is sliding which is clear indication of economic slowdown.For more technicals of Nifty look side bars and have a nice trading day.
Japan GDP released today morning, and it fell .1% from previous quarter.The data is based for second quarter, means july-september quarter.And when the data compare with last years GDP for the same period it slides .4%.This is the second quarter that GDP is continuously sliding, which shows an economic slowdown or recession.Revised data for the April to June period showed GDP shrank 0.9% from the previous quarter.
Every one knows that, today s financial crisis started with nasty united states housing prices.This is to hit the new low in this october according to experts.
Treasury Secretary Henry Paulson said last week that "market turmoil will not abate until the biggest part of the housing correction is behind us."
Now we cant say it is behind us.The worst is with us or going to happen soon.
Yesterdays our tip was chambal fert and it performed as our prediction before it slide back.We hope all our readers benefited.Our todays tip is TATA MOTORS,DLF AND POWERGRID CORPORATION.These stocks are ready to surge and possible to perform today itself.Because of bad market condition we advice to invest only half of your money, and wait for a low price for averaging.
U.S. stocks on Tuesday fell for a second day after quarterly results and outlooks from luxury home builder Toll Brothers Inc. and coffee retailer Starbucks Corp. illustrated softening consumer spending.Asian market are trading now in lower range , and the fear could be spread to indian market also.2%-3% down in nifty could see in the morning itself.Some selective stocks are expected to recover today from the yesterdays low, such as bank and metal sectors.
There is a rumour that ,following china governments stimulous plan RBI also take steps to revise key rates.Some banks insists on a revision on reverse repo rates.Market is clueless today and very rangebound, so the day traders please move back.Have a nice trade day.
Australia's S&P/ASX 200 edges lower 0.1% at 3,956.10
Korea Composite Index down 1.6% at 1,111.26
Japan's Nikkei 225 down 2.1% at 8,627.68
Cephalon to replace General Growth Properties in S&P 500 .
New Zealand's NZX 50 index drops 1.1% to 2,806.
Australia's S&P/ASX 200 index drops 3.2% to 3,976.60
Japan's Nikkei drops 1.3% to 8,965.29 in early minutes
Hang Seng Index drops 3.5% to 14,223.79 in early minutes
Success stories never to end.Look ourb yesterday tips performance.
Chambal surged more than 10%.
And our street talks
TATA steel ,Hindalco,Punjllyod,sterilite closed with 10% and its near to value.
Buy balarampur chini.currently trading at 45.50 and its strong resistence seen at 45.80
Our team feels it will breake the resistence and could advance to 47 range .
Asian markets trading low , india will face selling pressure.Yesterday in U.S deutche bank cut the rating of GM and stock faced a huge sell.U.S. stocks finished lower on Monday, sending the Dow Jones Industrial Average back below 9,000, after early enthusiasm over China's economic stimulus faded in favor of ongoing worries about U.S. companies, including General Motors Corp.
Nifty moved yesterday in a style but today could back because of selling pressure.For nifty technicals watch the side bar.Have a nice trading day.
Stocks like sterilite,hindalco,tata steel,punj lloyd could rally as per speculators.We donot recommends this stocks , these only street view.For the secure please follow our tip.
CHAMBAL FERTILISER will move 6-8% today on chart basis.We expect the stock could touch 49.The major resistence points is 50.15.
China will spend $585 billion rescue package .The action is to support the economy and to boost the industries.The decision was announced Sunday by the State Council after Premier Wen Jiabao presided over an executive meeting Wednesday.
South Korea's Kospi rises 1.9% to 1,155.67 in early minutes .
Shanghai Composite gains 3.2% to 1,804.39 in early trading .
Japan's core machinery orders rise 5.5% in September.
Japan's Topix ends morning at 915.52, up 4.2% .
Japan's Nikkei ends morning up 5.5% at 9,053.90 .
Hong Kong H share index up 10.5% to 7505.16 in early minutes .
Hang Seng Index jumps 5.9% to 15,078.65 in early minutes .
Hong Kong shares soar on China stimulus, Wall Street gains .
Markets looking on a close above 10k, but some factors are still a nightmare.As per the officials volumes are still low in our market as the P-NOTE factor continuation.This week world markets are eagerly looking to the actions of Barak obama,and speculators feels he is the person could make changes to the current situation.
Factors to look in this week
China inflation.
U S intial claims on thursday.
Results of tokyo based banks.
Indian inflation .
Retail sales.
On thursday market will remain closed as beacuse of guru nanak jayanthi.
On Monday, Japanese carmaker Toyota Motor Corp. slashed its profit, revenue and unit sales forecasts for the year ending March 31, blaming a shocking slump in the global automobile market and a sharp appreciation in the Japanese yen against major currencies
We back to market.First we like say sorry to you.Due to our end trimester examination we could not maintain our blog.From today we will continue our work.
Due to some technical problem dalal securities was shut for the last 4 days.And we restarted the blog service from today.
Bears are getting back to business.U S economic data s are very week.In economic data, the ADP index of private employment showed companies shed 157,000 jobs in October, with the report seen as a preview of sorts of Friday's non-farm payrolls for the month.Nifty could move back to 3% to 4% in the global shock.But our team feels there could be a recovery in the late or noon trading.
Markets are celebrating Obama 's historical win.Nikkie and hansang are 3% up.Sensex will also believe to continue the recovery rally.Some fears still in technology sector on the back of Obamas statement that indian IT outsourcing will control.For more details we have to still wait and watch.
Apart from this there is no negative sentiments at all.Technically speaking nifty have to breake 3235-3240 area, then we can see more rallyin market.
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