| Moody's retains negative outlook on banking | 23-NOV-09 |
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| Global rating agency Moody's today retained its bleak outlook for the domestic banking industry saying the overall economic conditions are tough and the number of bad debts increasing in the system. |
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| Gap-down opening for Nifty seen | 22-NOV-09 |
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| The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday. |
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| F&O Outlook: Expect firework in Dec series | 21-NOV-09 |
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| The Nifty had completed its technical formality on Friday by closing above the resistance levels of 5,060 to keep the current bull-run moving. The index however expected to face resistance above the 5,100 levels next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over the counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern indicating indecisiveness among participants. If this weakness continues then we may see the gap down opening for the Nifty on Monday. |
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| Strong resistance above 5,100 likely | 19-NOV-09 |
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| The Nifty futures faced resistance at 5,060 and closed in a Doji pattern, indicating indecisiveness among traders. The trading volume on the futures & options segment suggests the index is set for an either side breakout in the coming days. |
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| Nifty may not hold 5,000 levels | 18-NOV-09 |
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| The Nifty failed to remain above the 80 per cent retracement level of 5,060 and closed in a Doji pattern, which indicates indecisiveness among traders. There was profit-booking in the Nifty November futures as well as in money index options as index futures and options together shed over four million shares in open interest through sell-side trades. The support is seen at 4,940, which is 61.8 per cent retracement level. |
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| Nifty sees strong resistance above 5,100 levels | 17-NOV-09 |
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| The Nifty saw profit-booking above the 80 per cent retracement level of 5,060 and closed at 5,058. This is the last chance for the index to retrace to its October high of 5,181. If it fails, we may see a mild correction. |
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| Nifty may hit new high this week | 15-NOV-09 |
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| The activities of foreign institutional investors (FIIs) with long build-up in the Nifty futures and short-covering in stock futures during the week ended September 13 augur well for the market. The Nifty is expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the downside, 4,940 is a healthy support level and, below that, 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short-covering from foreign investors in the Nifty and stock futures. |
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| Fiscal climate policy | 13-NOV-09 |
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| Carbon tax: The International Energy Agency is trying to put a price on global warming. In its new World Energy Outlook, the policy advisory group set out targets to reduce carbon emissions, and also calculated the carbon prices needed to achieve them. By focusing on price rather than quota systems, the IEA may help shift global warming policies towards market-friendly carbon taxes and away from distorting cap-and-trade systems. As well as being a market-friendly way to tackle climate change, taxes would also provide much-needed government revenues. |
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| More correction possible in coming days | 13-NOV-09 |
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| The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days. |
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| Anoop Singh: Asia's post-crisis challenges | 12-NOV-09 |
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| Asia is rebounding fast from the global financial crisis. Initially, the impact on the region was extremely severe, with output in most countries contracting by more than even those nations that were at the epicentre of the crisis. But now Asia is surging ahead as the world pulls out of recession. |
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