Swastika Investmart Limited

Today, in the second session of businesses in the market can find some positive trend. The slowness of the market in the last few trading sessions, do not expect to see much effect looks today. Before the election results are not expected to sell in the market at large. So, it can be said that today’s market can be better than the previous trading sessions.

The market difficulties may occur when the election results come in favor of the market. But it is looking very slim chances. Nifty trading has key support at 7050-7075 levels. It is expected that Nifty below. Nifty is currently trading at the upper levels of 7175-7200 resistance level is crucial.

Also in today’s trading session, bank, infrastructure and real estate stocks are expected to underperform.

Nifty is the opinion of Buying items and stoploss of 7060.

Create a strategy in today’s market

IGL Buy , stoploss – Rs 302, Target – Rs 317

NMDC : Buy , stoploss – Rs 155, target of Rs 167

Asian markets Weak,Nikkei fell 1%

Asian markets had a bad start today. Most Asian markets of Japan, despite the good GDP data remains under pressure. Japan’s Nikkei market is strongly decline. However, with a slight edge SGX Nifty is currently trading at 7151.

The Nikkei declined by nearly 1 per cent is trading at 14 285. Taiwan Index shed 0.20 per cent on 8860 levels. The Shanghai slight slip is trading at 2045 levels.

Straits Times Index is seen trading flat at 3,260. Grossly Kospi index level of 2,012. Per cent in the quarter, with the Hang Seng is trading at 22 652.

Dow Jones put the brakes on speeding

The decline of the U.S. market closed on Wednesday, the Dow Jones being witnessed in the last 5 trading sessions, the bridle caught on fast. Actually, due to the decline in Treasury Yield pressure was seen in the market. Let the market closed in the red.

Nasdaq declined 0.72 per cent to close at 4100.63 levels. The Dow Jones shed 0.61 percent to close at 16613.97 levels. In addition, S & P 500 index dropped 0.47 per closed at 1888.53.

Gold in Slowness , crude oil also fell

International market flat in gold, while silver has seen a slight edge. Comex in the gold business is sluggish, although prices are above 1,306 dollars per ounce. While silver is trading with a gain of 0.20 per cent and are around $ 19 per ounce.

The trend is also being seen weakness in crude oil. NYMEX crude oil trading with shed 0.30 per cent. But prices have remained above 102 dollars a barrel.

London Metal Exchange (LME) copper is currently being looked sluggish business.

Commodity bets on these items earnings -
Gold (MCX): Sell -28,720 stoploss -28,790, Target -28,550
Silver (MCX): Sell -42,430 stoploss -42,570, Target -41,900