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Market has preferred to move in a narrow range and one need to move with support and resistances as appended below
Index | Support | Resistance |
Nifty | 4900-4997-5050-5029 | 5126-5175 |
Sensex | 16475 | 17111-17275 |
China Stock Market Bubble
As a nation we can not ignore the actions of China and it has been observed that suddenly theChina share of global GDP is doubtful. It had hoarded the commodities and now it is not finding any takers and thus an increased amount of shipping activity has been seen across its shores and shipping rates are skyrocketing in contrast to prevailing Baltic dry index which is languishing. Thus one has to be cautious on commodity front as a crash may be offing in this segment. China stock market chart strategy suggests that it is on a firm ground and in forex market it is holding 12% of America debt in dollars. Thus the day it decides to offload Dollar, that will be a dooms day for America and probably that is the reason China is accumulating dollar to keep the America trap shut against its policies in Tibet and oppression techniques. also needs to be monitored as it can undertake any action to derail the economic process in India. However as a nation we need not worry as China is using subjugation by blocking free content on the net and society being fed with regulated info do not remain ever on top and probably that is the hidden agenda of USA allowing it to keep on doing its tactics as China is putting its feet on axe by controlling information on the internet. The below picture will show the words which are banned in China on internet and if used Police will catch you. Click on Read More to see the words which are banned on internet in China.
NSE market option tips
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