Friday, December 21, 2012

The Cues That Decide Nifty Trend Today

Today Nifty is trading at down position due the US financial issues. Currently Nifty is trading at 5875 by losing 40 points, Where the BSE sensex had lost 108 points and trading at 19347.

The US markets ended modestly higher, lifted by financials, after House Speaker John Boehner said he would continue to work on a solution to the avert the "fiscal cliff" and following a pair of better-than-expected economic reports. The CBOE volatility index traded near 17.

The US House of Representatives abruptly recessed amid uncertainty if Republicans had the votes needed to pass a "fiscal cliff" tax plan, known as "plan B," offered by Speaker John Boehner.  The passage of the bill was expected to take place yesterday as hopes faded for a broad agreement on averting the "fiscal cliff" before Christmas.

Rupee against the dollar has gone down. Rupee against the dollar is close to 55. Rupee at 54.98 against the dollar today is open. Rupee closed at 54.85 on Thursday 31 money down.

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