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Tue, 24th May 2016

Anirudh Sethi Report

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Archives of “Global Indices” Category

Warning From Deutsche Bank : ‘No more upside for European equities’

Throwing in the towel.

Deutsche Bank reckons European equities are all juiced out, and has cut its target for the end of the year for the pan-European Stoxx 600 index from 380 to 325. (It’s now at around 335.)

(Chart: Bloomberg.)

In a note, the bank says:

The combination of weak global growth, Fed risk, a likely fade in China’s growth rebound and fragilities in the US high-yield credit market significantly undermines the upside case for European equities from current levels.

For Your Eyes Only :Nifty Spot :Look at 7750 & 226 Points

NF-SPOT-19

A trader who blames losses on a “rigged market” tends to blame life setbacks on others. Act like a man by taking responsibility, no excuses.

Above is Daily chart of NIFTY SPOT

Look at Head & Shoulder…………………….Let’s see it works or not ??

Head Height 226 points 

7750-226 = 7524 ???

Will it cross 7944 and stays above ??Then ??

Technically Yours/ASR TEAM

Nikkei 225 closes down -0.05% at 16,644.69.Now Shanghai Composite is down -1.48%

Japanese equities had an indifferent day despite better GDP data 18 May 2016

  • -8.11
  • open 16611.40
  • high 16795.47
  • low 16513.17
  • USDJPY 109.25

Nikkei paring back earlier losses on renewed yen strength.

Meanwhile in China the SCI is 2801.41 down -1.48% in a range of 2789-2828 so far as we head into the final hour.