As per the NSE now Nifty can be traded by US investors from today in Chicago Mercantile Exchange (CME) from today. CME is introducing two contracts : E - Mini and E - Micro S & P CNX Nifty Futures.US investors will be able to trade Nifty in CME Globex for 23 hours.They will not be able to trade it from 8 Am to 9 Am (IST)
What impact will it have on our markets ? Well, let'swait for some more time to see its impact.
Today markets may see gap down opening. Mid cap may continue to outperform.
But short term traders should keep Index stop of 5300 on closing basis for their long positions.
SRF has support at 240 and resistance at 290
Mothersons Sumi systems has support at 145 and resistance at 200
Monday, July 19, 2010
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