The SgxNifty Future is trading at 12,849.20 up with +0.53% percent or +67.20 point. The Nikkei 225 Future is trading at 25,990.00 up with +1.43% percent or +367.00 point.The Hang Seng Future is trading at 26,346.50 up with +0.24% percent or +64.00 point.
TODAY’S FACTORS AND EVENTS
‘Deccan Cement’ confirmed a good price-volume breakout on the daily chart on Today. The kind of extraordinary volume activity we have witnessed in the up move in recent months indicates some bigger moves to unfold and this probable rally seems to have just begun now.
Hence, one can look to go long for a target of Rs.380 in the coming days. The stop loss can be placed at Rs.324.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day The Dow is trading at 29,080.17 with a loss of –percent or ?317.46 point. The S&P 500 is trading at 3,537.01 with a loss of – percent or ?35.65 point. The Nasdaq Composite is trading at 11,709.59 with a loss of – percent or –76.84 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 25,385.87 with a loss of –percent or –135.01 point. Hong Kong’s Hang Seng is trading at 26,156.86 with a loss of –percent or –12.52 point. China’s Shanghai Composite is trading at 3,310.10 with a loss of – percent or –28.57 point. India’s BSE Sensex is trading at 43,403.44 with +percent or +46.25 point at 12:15 PM.