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Current Scenario of Indian Stock Market

Discussion in 'Exchange Traded Funds' started by marketmagnify, Jan 1, 2014.

  1. marketmagnify

    marketmagnify New Member

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    The CNX Nifty is a well diversified 50 stock index accounting for 22 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

    ASIAN MARKET COMMENTARY
    • Asian equity markets were mixed on the first trading day of the year.
    • China’s Shanghai Composite was down 0.34 percent or 7.13 points at 2,108.85.
    • Hong Kong’s Hang Seng was flat at 23,317.43.
    • Singapore’s Straits Times rose 0.32 percent or 10.25 points at 3,177.68.
    • South Korea’s Seoul Composite fell 0.32 percent or 6.38 points at 2,004.96.
    • Taiwan’s Taiwan Weighted was up 0.21 percent or 17.86 points at 8,629.37.
    • Japan’s Nikkei shut today.

    TODAY NIFTY & BANK NIFTY MARKET TREND
    MM GOOD MORNING
    NIFTY TREND: CONSOLIDATE
    NIFTY SPOT LEVELS
    SUPP 1: 6230
    SUPP 2: 6180
    RES 1: 6345
    RES 2: 6415

    MM BANK NIFTY TREND – CONSOLIDATE
    BANK NIFTY FUTURE LEVELS
    SUPP 1: 11320
    SUPP 2: 11180
    RES 1: 11690
    RES 2: 11840

    INDIAN RUPEE REPORT
    Indian rupee was unchanged at 61.90 per dollar in opening trade on Thursday as compared previous day’s closing value.

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