Asia markets mixed ahead of Bank Of Korea decision, Hing Kong stocks 2 month low, Nik,30867/175/0.57% Dj,32800/-255/-0.77% Vix 20.03, 8.1% Dow futures slip as Fetch places US AAA ratings on negative watch, BC26253/-945/-3.5%
Oil,74.2, gain 1% on falling US stockfiles, saudi warning, Gold, 1960.1, Bonds,3.736, Dollar, Gains on resilient us economy , flight to safety,
Nifty:18285.4/-62.6/-0.34%;Candle:OGD,Doji; Bank Nifty:43677.85/-276.6/-0.63% Candle:OGD,Doji ; HB:OGD, Short day red,1615;
News:The SGX Nifty indicates a negative start for the broader index with a loss of 60 points on Thurday. SGX futures stood at 18,230. LIC Q4 profit surges nearly 6-fold to Rs 13,428 crore, BSE, NSE put Adani Enterprises under short-term ASM framework,
Events/Results:Zee Entertainment Enterprises, AIA Engineering, Aster DM Healthcare, Bharat Dynamics, Dredging Corporation of India, eClerx Services, Emami, General Insurance Corporation of India, GMM Pfaudler, Gujarat State Fertilizers & Chemicals, Vodafone Idea, Indian Energy Exchange, Infibeam Avenues, Indian Railway Finance Corporation, ITD Cementation, Kolte-Patil Developers, Max India, Mishra Dhatu Nigam, Page Industries, Radico Khaitan, Steel Authority of India, Shilpa Medicare, Strides Pharma Science, Triveni Engineering, and TTK Prestige will be in focus ahead of quarterly earnings on May 25.
The National Stock Exchange has retained Delta Corp, and Indiabulls Housing Finance to its F&O ban list for May 25.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last four consecutive sessions, falling a third of a percent on May 24 on weak global cues, and ahead of the expiry of monthly futures and options contracts on Thursday. The BSE Sensex declined 208 points to 61,774, while the Nifty50 dropped 63 points to 18,285 and formed a Doji sort of candlestick pattern on the daily timeframe, indicating the tug of war between bulls and bears. “On the daily chart, we observe that the Nifty has taken a breather in the last two sessions after recently bouncing back from the 20-day SMA (simple moving average). We therefore expect the uptrend to continue, despite selling seen in the last two sessions,” the immediate upside target for the Nifty is at 18,459 once the resistance of 18,420 is taken out. Moreover, as the longer time frame indicates that the Nifty remains in an uptrend, he believes that the immediate target of 18,459 is also likely to be taken out in the coming sessions. The increase in volatility also gave discomfort for bulls. India VIX, the fear index, increased by 4 percent to 13.11 levels, from 12.61 levels.
