Mkts tipped to open lower on bearish Asia trend The key domestic benchmarks may open on a negative note today tracking a bearish trend in stock markets across Asia. SGX Nifty is trading 56 points lower. Global Market: Asian shares skidded on Monday as investors awaited data this week that could provide more evidence of a slowdown in China, while the dollar gave back a little of its recent gains. U.S. stocks closed little changed on Friday after Alibabas strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session. The FTSEurofirst 300 index touched its highest level in more than six years on Friday after Scotland voted against independence, but trimmed gains in late trading on profit taking and on speculation about a downgrade of France. Levels to watch out : Supports @ 8100 - 8030 - 7940 Resistance @ 8150 - 8180 - 8200 Regards, Team ATC.
Posted on: Mon, 22 Sep 2014 03:25:56 +0000
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