Negative global cues likely to drag markets Market is expected to open in red on Wednesday tracking negative cues from the global markets. SGX Nifty is trading 25.50 points lower. Global Market: Asian stocks slipped on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine instilled a mood of risk aversion across markets. U.S. stocks closed sharply lower on Tuesday following reports that Russia is building up its military presence on the border with Ukraine. European shares gained ground on Tuesday in a tentative rebound following last weeks sharp sell-off, supported by forecast-beating results from blue-chips including Deutsche Post. Levels to watch out : Supports @ 7700 - 7630 - 7590 Resistance @ 7760 - 7800 - 7850 Regards, Team ATC.
Posted on: Wed, 06 Aug 2014 03:31:46 +0000
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