In International markets. Federal Reserve has left the door open for December indicating that the chances of a December rate hike have increased as growth picks up. The DOWJONES led lose with a 0.49 percent rise, while the NASDAQ and S&P 500 down 0.49 and 0.71 percent respectively. if there no buying in another 30 minutes than its a clear signal for trend change.
As we have seen from three consecutive trading days USA market not able to sustain and started giving selling.
Dow Jones:17,527.08, -175.14 (-0.99%)
S&P 500:2,060.27, -14.73 (-0.71%)
Nasdaq:5,042.10, -24.92 (-0.49%)
this will impact Asian market and its clearly showing as SGX NIFTY is trading at 7764.75 down 63 points. FII were net sellers with RS. -1080.75 Cr. cr in equity market. Today’s mareket data September IIP slumps to 3.6%, October CPI rises to 5% which will weakness the market.
SGX Nifty 7,764.75 -63.30 -0.81%
As per our weekly report ( Market outlook for the this week ). NIFTY Index may take support at 7770-7732-7688 further weakness below 7688 may fall NIFTY index to 7642-7602-7531 levels this week.
Note: As per the global market Indian market has been already discounted too much so be careful when making the short position and take caution on every steps.
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