NATIONAL STOCK EXCHANGE INFORMED ABOUT MARKET TIME CHANGE DUE TO SUN OUTAGE From September 24, 2008 to October 8, 2008 between 1125 hrs and 1205 hrs. The Detailed circular as follows from Nse official website.
NATIONAL STOCK EXCHANGE OF INDIA LIMITED (NSE)
CURRENCY DERIVATIVES SEGMENT
CIRCULAR
Circular No.NSE/CD/008/2008 September 2, 2008
Download No: NSE/CD/11229
Dear Members,
Change in market timing & September 2008 contract expiry time due to Sun Outage
Indian Space Research Organization (ISRO), has informed the Exchange that there will be SUN OUTAGE from September 24, 2008 to October 8, 2008 between 1125 hrs and 1205 hrs. Some members may face loss of connectivity during this period, due to Sun outage. Accordingly the market timings of the Currency Derivatives segment are being modified as follows:
Normal Market / Exercise Market Open time : 0900 hrs.
Normal Market close time due to sun outage : 1125 hrs to 1205 hrs.
Pre Open time after sun outage : 1205 hrs to 1210 hrs
Normal Market re-open time after sun outage: 1210 hrs.
Normal Market close time : 1700 hrs.
Position Limit/Collateral value Set up cut off time : till 1730 hrs.
Trade modification end time : till 1730 hrs.
Members are informed that during the above period viz. 1125 hrs to 1205 hrs:
Trading shall remain suspended.
The facilities of Position Limits / Collateral Value set up and Trade Modification may not be available.
Members are advised to remain logged on and NOT logoff from the Trader Work Station during this period.
Members are advised to note that during pre-open phase, they will not be permitted to place any new orders or modify existing orders. However, they will be allowed to cancel any of the existing orders.
In view of the above, the USDINR futures contract expiring on September 25, 2008 shall expire at 1120 hrs instead of 1200 hrs on September 25, 2008.
Consequently, the new contract USDINR futures expiring on September 28, 2009 shall be made available for trading from 1210 hrs on September 25, 2008.
The change in market timings shall be effective from September 24, 2008 to October 8, 2008.
For any clarifications, members are advised to contact the following officials:
Mr Altaf Shaikh, Mr Vikramaditya and Mr Arvind Goyal at 26598131 and 26598164
For and on behalf of
National Stock Exchange of India Limited
Suprabhat Lala
Asst. Vice President
Monday, September 8, 2008
NSE | BSE | Market This Week |
Market Outlook:The week that went by
The falling Crude oil price was the main attraction for the first half of the week’s trade. On the back of this, Nifty rallied to 4522, after opening
at 4356. However, due to the negative global market situation and the political tensions on the Nuke deal, the selling pressure started in the
second half of the week. The slightly calming inflation figures, which came at 12.34%, failed to make a positive impact in the market. Sensex
opened at 14412, made a high of 15106, and later made an almost flat closing at 14483. Nifty also closed almost flat at 4352.
Technical Outlook :
After a positive start, the market went into a selling mode. The Indices closed almost flat during the week’s trade.
For NSE Nifty, the technical indicators are pointing towards some more downside in the coming week. RSI have moved below the 50 points
mark in the daily chart. Stochastic Oscillators have entered the overbought zone.
At current levels 4280 is expected to act as the critical support level. A fall below this is expected to take the index towards the downside
support of 4070. The first resistance for the week will be 4425; Further, any upside is not expected to extend above 4495.
The Elliott wave analysis of the index is also indicating further downside in the coming days.
Week Ahead :
The outcome of the Nuclear Suppliers Group (NSG) is expected to affect the initial trading session of the coming week. Another thing that the market will be looking forward will be the OPEC meeting , which is scheduled to the next Tuesday (September 9th). The negative figures from the US jobs data also will weigh the market.
The falling Crude oil price was the main attraction for the first half of the week’s trade. On the back of this, Nifty rallied to 4522, after opening
at 4356. However, due to the negative global market situation and the political tensions on the Nuke deal, the selling pressure started in the
second half of the week. The slightly calming inflation figures, which came at 12.34%, failed to make a positive impact in the market. Sensex
opened at 14412, made a high of 15106, and later made an almost flat closing at 14483. Nifty also closed almost flat at 4352.
Technical Outlook :
After a positive start, the market went into a selling mode. The Indices closed almost flat during the week’s trade.
For NSE Nifty, the technical indicators are pointing towards some more downside in the coming week. RSI have moved below the 50 points
mark in the daily chart. Stochastic Oscillators have entered the overbought zone.
At current levels 4280 is expected to act as the critical support level. A fall below this is expected to take the index towards the downside
support of 4070. The first resistance for the week will be 4425; Further, any upside is not expected to extend above 4495.
The Elliott wave analysis of the index is also indicating further downside in the coming days.
Week Ahead :
The outcome of the Nuclear Suppliers Group (NSG) is expected to affect the initial trading session of the coming week. Another thing that the market will be looking forward will be the OPEC meeting , which is scheduled to the next Tuesday (September 9th). The negative figures from the US jobs data also will weigh the market.
08 September 2008, Monday | Daily Market Analysis
SENSEX (Close- 14483.83)
Sensex has seen weakness on last trading day and closed below 14500 marks. Technically Sensex has major support at 14000 marks. This sell off was much inspired by global weakness. We cannot ignore the fact that market is in over sold zone. I like to say that a lot has chenged for stock market on this weekend and good reaction is expected. Technical signal is still favouring for the target above 15000 marks for Sensex. Caution required in metal stocks. We can expect firm trade in banking and technology pack. Over all short trades should be avoided still you may get stock specific short trade opportunity.
Support - 14430/14200/14000
Resistance - 15000/15165/15320
NIFTY (Close- 4352.30)
Nifty has technical trading support at 4300 marks and has good support at 4250 zone. Technically one can expect a move above 4400 marks. One can prefer long in any lower levels.
Support - 4320/4278/4250
Resistance - 4384/4421/4450
Sensex has seen weakness on last trading day and closed below 14500 marks. Technically Sensex has major support at 14000 marks. This sell off was much inspired by global weakness. We cannot ignore the fact that market is in over sold zone. I like to say that a lot has chenged for stock market on this weekend and good reaction is expected. Technical signal is still favouring for the target above 15000 marks for Sensex. Caution required in metal stocks. We can expect firm trade in banking and technology pack. Over all short trades should be avoided still you may get stock specific short trade opportunity.
Support - 14430/14200/14000
Resistance - 15000/15165/15320
NIFTY (Close- 4352.30)
Nifty has technical trading support at 4300 marks and has good support at 4250 zone. Technically one can expect a move above 4400 marks. One can prefer long in any lower levels.
Support - 4320/4278/4250
Resistance - 4384/4421/4450
Subscribe to:
Posts (Atom)
