Money Tree

GLOBAL MARKETS

US Markets

The US Markets were down almost 1 percent yesterday.

Dow Jones closed at 13489.42 down 146.00 points or 1.07 percent.
Nasdaq Composite closed at 2599.96 down 26.80 points or 1.02 percent .

Europian Markets

The Europian Markets closed flat to positive yesterday with DAX gaining about 0.7 percent.

FTSE (UK) closed at 6649.30 down 0.90 points or 0.01%. .
DAX (Germany) closed at 8090.49 up 56.97 points or 0.71%
CAC (France) closed at 6093.29 up 21.62 points or 0.36% .

Asian Markets

The Asian markets were less or more strong yesterday with Indian markets leading.

NIKKEI(JAPAN) closed at 18211.68 up 48.07 points.
HANG SENG (HONG KONG) closed at 21684.67 up 101.78 point.
KOSPI (SOUTH KOREA) closed at 1783.79 down 24.06 points.
STRAITS TIMES (SINGAPORE) closed at 3628.67 down 0.88 points.
SENSEX (INDIA) closed at 14411.95 up 116.45 points.
NIFTY (INDIA) closed at 4248.65 up 34.35 points.

FOREX

USD/ INR 40.77
EUR/ USD 01.34
USD/ JPY 123.50

GOLD (MCX)

8760/ 10gm

CRUDE

$68.86/ Bb

Today’s Market outlook

Our markets are showing all positive signals for last three days and yesterday’s closing levels were also encouraging. Yesterday the US markets have closed in the red and today the Asian markets have opened slightly in the green. No great cues from the global markets and we cannot expect a good positive opening however if we are able to maintain above 4250 for NIFTY for initial hours then we may build on it and the markets may move further. 4275 is the next strong resistance level for NIFTY.