May 30, 2011

Stocks Equity Technical View Daily for 30 May Trade

The Indian Stocks equity market is ended at up position due pullback rally on first day of the new expiry 
series and stock equity showed a short covering in the large caps as Nifty gained 64 pts to end at 5476 levels. Sensex showed uptrend by 222 Points at sensex 18265.50 Levels. Euro markets were in green with FTSE up 49 pts at 5929, DAX up 24 pts & CAC up 39 pts at 3956. Dow Jones market future levels was down by 20 pts. 
The world equity markets showed a decline in market trend due to weaker cues and negative sentiments amongst investors. The stocks equity market report for Europe is of debt fears and a number of weaker  and due to  this economic data pressurized the global stocks equity markets down. The Stock weekly trend for Euro zone, DAX & CAC ended down more than 1% while DJIA ended down with a loss of 70 pts and Nasdaq shredded 7 pts. The consumer spending data for for global equity came down at  0.4% vs. 0.6% and the unemployment came to 424K vs. 403K. The stock equity report for Asian markets, Straits times and Jakarta Composite shredded more than 1% while Nikkei lost 85 pts & Hangseng shredded 82 pts. 

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