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DynamicLevels
05-26-2016, 05:41 AM
Stock Market Today by Shailesh Saraf (https://www.dynamiclevels.com/en/about/shailesh-saraf-management) 26th May 2016
Indian Market Outlook:
Yesterday, open interest in options showed 4 times buy which is actually the short covering in calls before the May contract's expiry today. EURO zone finance ministers have approved 10 billion dollar bailout fund for the sick Greece economy. The likeliness of FED interest rate hike from 25 bps to 50 bps in the scheduled June 15 FED meeting is increasing which will be further confirmed if 3 month US treasury yield trades above 36 bps. However, the short term trend would be sell only if Small Cap trades below 5055. Nifty (https://www.dynamiclevels.com/en/nifty/nifty-share-price) is opening 20 points gap up at 7963 from yesterday's close of 7943 at 8:25 am IST. To know more go to https://www.dynamiclevels.com/en/shailesh-saraf-stock-market-today-260516International Market Outlook
Asian Markets along with European and American peers are trading in green Thursday morning. The rally in risk assets came even as investors were preparing themselves for monetary tightening by the U.S. Federal Reserve as early as next month. Investors will be looking to comments by Fed Chair Janet Yellen at a Harvard University event on Friday, though her speech scheduled for June 6, after new U.S. payrolls data comes out, would be even more crucial.