Looking at the inauguration of Asian games Chinese traders & investors will also be expecting that in their respective financial markets, not only Chinese people but we all are expecting that.
All the big markets saw decreases in their respective index value , especially in the last day, market such as
saw even 5% - 6% correction. In US like every were market was looking for an excuse to be down and Cisco systems Inc. provide that opportunity. China
Week ended Nov 12
Week endede Nov 5
( Figure in approx )
Japanese market is still overbought we may see little more correction there . Chinese stock markets were heavily corrected in last day, probably due to inflation & rate fear. We may see same picture there in coming week but this huge correction creates more buying opportunities considering it a short-term pullback.
Japanese Yen depreciates this week against the
$ this may be a little bit better but on the other hand Euro is again appreciating against US$. US
all the resistance are vanishing & index was going up. This time it reaches more than 6330, it’s previous high was more than 6350 in early January 2008. India
5960 level is very crucial for nifty though it is true when market corrects it will be very immature to predict any level, and this is more true when there is a ???????????????????