Dalal Street to witness flat start The Indian equities may begin today’s trading session on a flat note tracking mixed global cues. SGX Nifty is also trading 9.00 points higher. Global Market Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by US jobs data that hit the sweet spot for many investors -- firm enough to soothe concerns about the health of the US recovery but not so strong as to hasten the end of policy stimulus. US stocks fell sharply, after heavy selling in momentum stocks such as biotechs and Internet companies on Friday reversed an early rally, sending the Nasdaq Composite to its worst day in two months. European stocks rose on Friday, boosted by M&A fever in construction, speculation about further stimulus by the European Central Bank and U.S. jobs data that suggested a solid pace of hiring for a second month in a row. Levels to watch out : Supports @ 6680 - 6640 - 6620 Resistance @ 6730 - 6750 - 6780 Regards Team ATC.
Posted on: Mon, 07 Apr 2014 03:22:33 +0000
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