Nifty trend

Will The Nifty take out its all time high of 6358?

  • YES

    Votes: 21 63.6%
  • NO

    Votes: 12 36.4%

  • Total voters
    33
  • Poll closed .
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If everything remains stable in overnight market and tomorrow Asia opening, i am expecting nifty future to touch 6250 region as low of the day on Tuesday.

Slowly and Slowly, markets dipping down till you give them another bullish sentiment to go up.
Nifty Future Came to 6261, but didn't touched 6250. I grabbed a nice short in morning from 6297 to 6272- 25 points.

If overnight markets and tomorrow Asia opening continue the rally from Europe, then overall bullish sentiment will help Nifty Future open gap up.

Lets see how night goes ;)
 
Ten-Year Irish/German Yield Spread Hits 550 Bps For First Time- Be Careful

I will be watching yield between Irish and German debt. Traders and investors are concerned that Ireland is next Greece, hence the yield spread rising.

Greece news started hitting the market in Jan 2010 but a meltdown happened only in May 2010.In fact till April 2010, markets around the globe were making new highs.

So, it is entirely possible yield spread keeps increasing, market ignores it and keeps rising and finally when profit booking starts happening, this news again surface.

I believe in Price makes news not the other way that news makes price.

If Ireland rising yield spoils the collective mood, then Euro will also kiss 1.33/1.32.
 
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