Markets are likely to open Gap down tracking bad global cues. All the Asian markets are trading in deep red on the back of weak cues from the US markets. However, Inflation data in the year to 3 January 2009 scheduled to be announced during the day and TCS Q3 December 2008 earnings will be closely watched. This may bring some triggered in the market. Traders are advised to follow the trend with keeping support and resistance in their mind. Important support level will be 2660. If it breaks then there is more downside in the market. Expecting the market to trade in the range of 2660-2760. Foreign institutional investors (FIIs) were net buyers worth Rs 91.44 crore while mutual funds bought shares worth Rs 10.98 crore on Wednesday, 14 January 2009, according to provisional data on NSE.
Yesterday, the key benchmark indices snapped four-day declining trend, Sensex closed up 299.13 points or 3.30% at 9370.49 and Nifty was up 90.35 points or 3.29% at 2835.30 Asian stocks which open prior to our market fell sharply, dragging the regional benchmark index to the lowest in five weeks, after Japanese machinery orders and U.S. retail sales dropped at more than double the pace economists expected. The Hang Seng has slumped 645 points to 13,089. The Nikkei has tumbled 336 points to 8,103.The Taiwan Weighted index has plunged 189 points to 4,332. The Straits Times has dropped 56 points to 1,708, and the Seoul Composite index has shed 58 points at 1,125.The Shanghai Composite index is down 10 points at 1,919. more details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "forex trading" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/forex-trading -~----------~----~----~----~------~----~------~--~---
