Wednesday, May 11, 2011

WORLD MARKETS

DOW  IS TRADING AT  12765  UP  80 POINTS  AT THE TIME OF THIS POST. EUROPEAN MARKETS CLOSED  STRONG;  FTSE + 76 POINTS; CAC  + 45 POINTS; DAX + 91 POINTS; ASIAN MARKETS: NIKKEI  + 24 POINTS; HANGSENG + 176 POINTS;  OVERALL, SENTIMENT HAS TURNED POSITIVE  AFTER ENCOURAGING REPORTS FROM CHINA ABOUT ITS TRADE SURPLUS AND  RISING EXPORT NUMBERS.; OUR MARKETS MAY RESUME UPWARD JOURNEY ALBEIT AT A LESSER PACE;  5630  SEEMS IMMEDIATE RESISTANCE AND  CROSSING THIS WITH VOLUMES  WOULD   MEAN NIFTY  TOUCHING 5725 IN A FEW SESSIONS.   - RAJAN IYER

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