ASIAN MARKETS LATEST UPDATE (05/11/2010)
Asian Markets in the last day (05/11/2010) of the last week has performed very well following the Fed's announcement. Moreover, Indian Indices and Stock Markets are performing very well whenever the Global Markets failed and hence every market is to follow us.
Asian Markets are closed very nicely gaining the lot of points as mentioned below:
1) Hang Seng - 24877 - Up 1.39%
2) Nikkei 225 - 9626 - Up 2.86%
3) SSE Composite - 3130 - Up 1.38%
4) Strait Times- 3240 -Up 0.48%.
FORECASTS : We can expect a lot of up movement in the days of week as US President visiting India and expected to pronounce too many economic cooperation dealings. By virtue of that Indian Markets are expected to hit the top. It has already reached the all time high.
MARKET ADVISE
AS PER THE ADVISE OF MARKET EXPERTS, WE MAY GO FOR A FRESH LONG POSITIONS BECAUSE GLOBAL MARKETS ARE PERFORMING WELL ESPECIALLY ASIAN MARKETS viz.
HANGSENG - IT HAS CLAIMED ALMOST 1% IN THE LAST WEEK.
STRAIT TIMES - THOUGH IT HAS LOST ITS MOMENTUM FOR LAST 2 DAYS IT COULD MANAGE TO CLOSE WELL ABOVE.
NIKKEI 225 - IT HAS ALSO PERFORMED WELL DURING THE LAST WEEK AND LOOKING GOOD OVERALL TO GO AGAIN TOP.
1) EUROPEAN MARKETS HAVE ENDED UP IN RED YESTERDAY. IN VIEW OF THAT U.S. MARKETS HAVE ALSO FOLLOWED ITS FOOTSTEPS AND SO THE ASIAN MARKETS NOW.
PLEASE AVOID FRESH LONG POSITIONS TODAY OR BUY ON DIPS AND BOOK THE PROFIT FROM INTRADAY'S PERSPECTIVE. BUT BULLISH TREND IS INTACT. SO BRAVE HEARTS CAN EVEN BUY TODAY TO SEE A HANDSOME GAINS IN A DAY OR TWO.
INTRADAY TIPS FOR 16/08/20101) BUY AIR CHINA LTD FOR SHORT TERM GAINS. ITS SUPPORT AND RESISTANCE LEVELS AS FOLLOWS:
SUPPORT I - 8.950
SUPPORT II - 8.720
RESISTANCE I - 9.17
RESISTANCE II - 9.45
2) BUY INDUSTRIAL & COMMERCIAL BANK OF CHINA
S I - 5.68
S II - 5.50
R I - 5.75
R II - 5.90
Subscribe to:
Posts (Atom)
