Tuesday, August 11, 2009

Post Market Outlook

Cutting short from the Three day losing spree, the Indian Benchmark Index ended with the mild gains. The Sensex ended with 15,074 points (about 0.5% gains) in green and Nifty also ended in green by gaining 33 points (about 0.7% gains) on upside.

Asian Markets also showed some mild recovery in the middle of China's announcement of Economic Stimulus measures, Nikkei ended by gaining 0.6%, Hang Seng closed in green with 0.7% gains, Chinese Benchmark Shanghai Index closed positive by gaining 0.5%.

US Markets on Tuesday started with heavy selling pressure, with Dow Jones Losing about 1% and Nasdaq Losing about 1.25%. NYSE Composite Index is trading at 1.32% below the previous day's close. Let's wait for the US Closing Bell, to decide upon Indian Market's Global Cue status.

We will not be posting our Technical School posts today. However, we will post the same from tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

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