Money Tree

GLOBAL MARKETS

US Markets

The US Markets ended up with more than 0.5 percent gains.

Dow Jones closed at 13553.72 up 71.37 or 0.53 percent.
Nasdaq Composite closed at 2599.41 up 17.10 points or 0.66 percent.

Europian Markets

The Europian Markets rallied yesterday with DAX up more than 2 percent.

FTSE (UK) closed at 6649.90 up 90.30 points or 1.38% .
DAX (Germany) closed at 7849.16 up 168.40 points or 2.19%
CAC (France) closed at 6047.23 up 112.96 points.

Asian Markets

The Asian markets also posted handsome gains yesterday.

NIKKEI(JAPAN) closed at 17842.29 up 109.52 points. .
HANG SENG (HONG KONG) closed at 20867.26 up 288.51 points.
KOSPI (SOUTH KOREA) closed at 1769.18 up 47.19 points.
STRAITS TIMES (SINGAPORE) closed at 3573.43 up 22.21 points.
SENSEX (INDIA) closed at 14203.72 up 200.69 points.
NIFTY (INDIA) closed at 4170.00 up 56.95 points.

FOREX

USD/ INR 40.90
EUR/ USD 01.33
USD/ JPY 122.975

GOLD (MCX)

8762/ 10gm

CRUDE

$67.60/ Bb

Today’s Market outlook

Yesterday our markets recovered handsomely and closed above crucial levels. We expect the rally to continue today as well and the NIFTY would try to take out 4200. Strong resistance is placed at 4220 levels and if crossed more short positions will be covered helping the NIFTY move further. Cement, Banking and Real Estate sectors are looking strong.