Stock Market Tips for 1st October 2007.
October 1st, 2007 by AnalystGLOBAL MARKETS
US Markets
The US markets closed marginally down on Friday.
Dow Jones closed at 13895.63 down 17.31 points or 0.12 percent.
Nasdaq Composite closed at 2701.50 down 8.09 points or 0.30 percent.
Europian Markets
The Europian markets closed mixed on Friday.
FTSE (UK) closed at 6466.80 down 19.60 points or 0.30%.
DAX (Germany) closed at 7861.51 up 7.72 points or 0.10%
CAC (France) closed at 5715.69 down 17.68 points or 0.31%.
Asian Markets
The Asian markets also closed mixed on Friday.
NIKKEI(JAPAN) closed at 16785.69 down 46.53 points.
HANG SENG (HONG KONG) closed at 27142.47 up 77.32 points.
KOSPI (SOUTH KOREA) closed at 1946.48 up 1.2 points.
STRAITS TIMES (SINGAPORE) closed at 3706.23 down 8.54 points.
Composite Index (CHINA) Closed at 5552.301 up 142.9 points.
SENSEX (INDIA) closed at 17291.1 up 140.54 points.
NIFTY (INDIA) closed at 5021.35 up 20.8 points.
FOREX
USD/ INR 39.84
EUR/ USD 01.42
USD/ JPY 115.150
GOLD
9510/ 10gm
CRUDE
$81.66/ Bbl
Today’s Market outlook
The US markets have closed slightly down on Friday and the Asian markets have opened positive today morning, the Hang Seng and Shanghai markets are closed today. Both NIFTY and Sensex are now trading above 5000 and 17000 levels respectively and are making higher highs consistently. The markets are still in an uptrend and no sharp correction seems imminent, some profit booking and consolidation may be seen but the overall uptrend is still intact.
Stocks to watch
Arvind Mills
We had recommended this stock earlier near Rs. 47 levels, now the stock has come out of its
strong resistance levels and is ready for a sharp upmove. On friday it closed near Rs. 62 and it is still a buy at these levels for a target of above Rs. 90 in the short term.
Posted in Daily Tips |
