Monday, 30 January 2017

International Market Morning Update:

With Trump’s order on refugees, S&P500 has shown a sign of weakness and the index is down by 8 points from 2289, it is currently trading at 2281. S&P 500 has given breakout of its all time high and is trading above that level. However we expect a volatile session in this week as Fed will announce its monetary policy on 1st Feb Mid Night at 12:30.

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MSCI Emerging market Index is trading at 915.92 and immediate resiatnce for the index is 920 above which next target is 929. Thus if emerging market Index gives breakout we might see buying coming in Indian market too.

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