Monday 18 March 2013

Market Synopsis

Cyprus turmoil has unnerved the markets today.
What is more concerning, is the dangerous precedent that this bailout
sets in terms of other so-called depositors guarantees.

This bailout has added fuel to the already fast dwindling prospects of Euro's
future.    This may also trigger a fresh capital flight scenario in the eurozone.
Volatility may rise in eurozone stock market indices.

Locally, market is keenly eyeing RBI policy on March 19.   
Market is expecting a minimum of 25 bps rate cut.

1 comment:

  1. Markets Quantified
    NIFTY 18-Mar-2013
    Current Market Situation :

    NIFTY current close : 5835
    NIFTY resistance level : 5912
    NIFTY support level : 5756
    NIFTY sentiment : sideways
    NIFTY dominant cycle period : 18 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5860
    NIFTY intraday resistance 2 : 5888
    NIFTY intraday resistance 3 : 5929

    NIFTY intraday support 1 : 5811
    NIFTY intraday support 2 : 5783
    NIFTY intraday support 3 : 5742
    Markets Quantified

    ReplyDelete