Today’s Quote
Sell in May, and go away; don't come back until St Leger day -- Anonymous
Nifty Outlook
LONG AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM TREND IS SIDEWAYS FOR THE LAST 7 DAYS WITHIN THE RANGE OF 4365-4650. LAST 7 DAYS SIDEWAYS TRADING IS PREPERATION FOR NEXT BIG MOVE AND FIRST SIGNAL OF BREAK OUT OF LAST 7 DAYS RANGE WILL COME FROM THE BREAK OUT OF THE TRADING RANGE OF 4535-4555. UPWARD BREAK OUT WILL MEAN TESING OF THE RANGE OF 4600-4650 AND CROSSING OF 4650 WILL MEAN CONTINUATION OF ONGOING RALLY TO TEST +4900 LEVEL. DOWNWARS BREAK OUT WILL MEAN BEGINING OF SHORT TERM CORRECTION AND ALSO WITH POSSIBILITY OF INTERMEDIATE TERM TREND TOWARDS DOWN SIDE
AFTER FLAT US AND EUROPEAN MARKETS ASIAN MARKETS ARE POSITIVE TODAY THEREFORE AFTER GOOD OPENING NIFTY SUSTAINING ABOVE 4555 WILL MEAN CONTINUATION OF UPWARD JOURNEY AND GREEN CLOSING TODAY.
News today
*Banks Seeking to Escape TARP Focus on $5 Billion of Warrants
*Australian consumer confidence jumped in June by the most in 22 years after the economy unexpectedly avoided a recession; stoking speculation the central bank has finished cutting interest rates.
*Australian consumer confidence jumped in June by the most in 22 years after the economy unexpectedly avoided a recession; stoking speculation the central bank has finished cutting interest rates.
*United Nations Secretary-General Ban Ki-moon said he is confident of China’s support for tougher measures to punish North Korea’s nuclear defiance and, later this year, for accord with the U.S. on a climate-change treaty.
*Consumers might have to shell out a higher cess on auto fuels if the government goes ahead with a proposal to step up funding for highways. The roads and surface transport ministry has suggested a Re 1 hike in auto fuel cess.
*The country's largest lender, State Bank of India, plans to recruit 13,000 persons at various levels during the current fiscal.
By: Raghav Ch
Tags: market trends, Finance, investment, world, india, 2009, stock market, USA
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