Nifty could be under pressure

E

eqderiv

Member
#1
#1
This Friday, the results of European Stress Tests are coming out - and it has already been announced that there will be no sugar coating of the results.

Irrespective of what the results are for the Stress Test, this will be an overhang over markets globally. While rest of the world has been quite weak, Nifty has somehow managed to hover around 52-week highs - but I think the next 2 days could see Nifty under pressure.

Watch out for 5250 levels by Friday close.
 
rajeabc

rajeabc

Well-Known Member
#2
#2
eqderiv said:
This Friday, the results of European Stress Tests are coming out - and it has already been announced that there will be no sugar coating of the results.

Irrespective of what the results are for the Stress Test, this will be an overhang over markets globally. While rest of the world has been quite weak, Nifty has somehow managed to hover around 52-week highs - but I think the next 2 days could see Nifty under pressure.

Watch out for 5250 levels by Friday close.
Click to expand...
NO sugar quoting because they have already given them chocolate . A report on CNBC-USA showed that test is design to fail few of them but pass majority so market is already expecting some of them to fail. If there is no fail then what would be the credibility of that test ?
 
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