Soren's MLAs try to dodge 'poaching', BJP awaits Guv call to make next 'approach'.Shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. Rising dollar index and higher US10 year bond yield act as the near-term headwinds for the market,” said Vinod Nair, Head of Research at Geojit Financial Services. The current risk reward is not favouring investors as the Nifty50 is now trading at a premium valuation of 21.5x P/E (1yr fwd basis), above the long-term average. Now, in coming day’s we will have to be cautious, while going long, unless we see a proper pullback in price or healthy correction in RSI. “Consolidation was triggered in the market in anticipation of tighter monetary policy by the FED and worries over a slowdown in global economic activity. Observed tiny dip today in Nifty, but eventually it moved upward, but still could not able to breach yesterday’s high, but RSI in daily time frame still maintained its level over 80.
The volatility index on NSE or India VIX climbed 4.11 per cent to 19.04. Dow Jones slipped 1.9 per cent, while the S&P 500 and NASDAQ Composite dropped 2.1 per cent and 2.5 per cent, respectively. Globally, the US markets saw a sharp fall on Monday ahead of the Jackson Hole symposium on Friday. In the broader market, the S&P BSE MidCap index fell 448.69 points (1.80 per cent) to end at 24,516.88, while the S&P BSE SmallCap settled at 27,844.73, down 330.65 points (1.17 per cent). As of 7:45 am, the SGX Nifty Futures quoted 17,414 levels, down over 50-odd points on the Nifty50.
0 kommentar(er)
