The US markets have bounced back and Dow is in triple digit territory and others are in deep positive territory.With is it has brought the euro indexes back into green color.That too from the depths of despair.The markets there bouncing back from the pits after the strong US retail sales which came out. The dollar has also grown stronger against the major currencies, and this is again a sign that the feds will continue with the tapering.
The SGX NIFTY is modestly high, and not caught up with the rise elsewhere.This is with a reason, as we have two indicators due locally, INFY results before opening and the inflation figures.Now if both come in as per estimate or above, the market opens above 6798 and goes to 6820 level then we can see 6900 quickly.If both comes out below estimate, then we could see the market either languishing or going down further.
It is wait and watch and play as per the market trend.Trade safe.
The SGX NIFTY is modestly high, and not caught up with the rise elsewhere.This is with a reason, as we have two indicators due locally, INFY results before opening and the inflation figures.Now if both come in as per estimate or above, the market opens above 6798 and goes to 6820 level then we can see 6900 quickly.If both comes out below estimate, then we could see the market either languishing or going down further.
It is wait and watch and play as per the market trend.Trade safe.