Angel Broking, Angel Broking Reports, Nifty Levels, Stock Market Trends, Angel Broking Market Outlook, Nifty

According to a report by Angel Broking, if NIFTY trades below 5614 levels for the first half-an-hour of trade then it may correct up to 5587-5540 levels.
Angel Broking report:
The trend deciding level for the day is 18,668/5,641 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,802�18,881/5,661-5,688 levels. However, if NIFTY
 trades below 18,668/5,614 levels for the first half-an-hour of trade then it may correct up to 18,588�18,454/5,587-5,540 levels.
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Source: http://www.moneycontrol.com/news/brokerage-recos-fundamental/nifty-may-correctto-5587-5540-angel_568425.html

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News Mumbai, Indian Shares, Score Low, Asian Markets, Mumbai Blast, Stock Market News, Business News

Indian shares seen lower on weak Asia, Mumbai blasts

MUMBAI, July 14 (Reuters) - Indian shares are set to open lower on Thursday, weighed down by losses in most other major Asian markets after Moody's warned the United States may lose its top-notch credit rating in the coming weeks.

Investors would also remain wary after three bombs rocked crowded districts of Mumbai on Wednesday evening, killing atleast 21 people in the biggest militant attack on India's financial capital since 2008. 

"We could see the market opening a bit weaker but that will be more due to global cues," said Ambareesh Baliga, chief operating officer at Way2Wealth Securities.  
 

"I don't think the blasts will have a major impact on the market. We have seen this in the past."
 Shares in Tata Consultancy Services , India's top software services exporter, would be watched ahead of its quarterly results scheduled to be announced after trading hours.

Traders would also be watching monthly inflation data due at 0630 GMT. India's wholesale price index probably rose 9.70 percent in June from a year earlier, quickening from May, on rising food and fuel prices, a Reuters poll showed.

Source:http://www.reuters.com/article/2011/07/14/india-markets-idUSL3E7IE0AT20110714

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