Stock Market Technical Report: Support for Nifty at 7000

Markets showed impressive rally on Monday. Sensex closed above 23500 and Nifty beyond 7000. Exit polls are polls indicate that the NDA will form the government. Polls can be found in the NDA 270-282 seats.

Market Editor, Source Exit polls say that the market will continue to Strong. However, volatility may appear on the market. 2 days after buoyant market may see profit at the upper levels.

Today Nifty Trading Trend will appear in an attempt to climb to the level of 7100-7150. 7000 will be the key support for the Nifty. Strongly visible due to short covering in the market. SGX Nifty are signs Uforia was made on the exit polls, it is less.

Midcap and Smallcap stocks veterans instead of going to see much faster. According to the May 16 elections while market expectations could rally again.

Asian Markets: SGX Nifty at 7100
Asian markets today are signs of strength. SGX Nifty is at 7100 with a gain of 0.8 per cent. Ie the domestic market Nifty may cross 7100.

The Nikkei gained 1.75 per cent in the rest of the Asian markets. Is kospi 1 per cent. Taiwan Index, Hang Seng, Shanghai Composite is 0.7 to 0.2 per cent growth. Straits Times is off today.

Dow Jones, S & P 500 closed at a new high
Strong appeared in U.S. markets on Monday. Return of investors in shares of beaten market trends appear to have reached a new height. IT stocks rose particularly

Record S & P 500 rose 1 percent to close at 1897. The Dow Jones rose to 0.7 per cent with a record 16 695. Nasdaq Composite gained 1.72 per cent to close at 4144.....Read More

0 comments: