All about money that one needs
The week began on an extremely positive note supported by strong global cues on account of economic announcements in US and China.Back home, short covering in the derivatives segment and fall in headline inflation to a record low lifted the BSE Sensex to the psychological 10,000 mark and the S&P CNX Nifty to the 3,000 [...]
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Last week we started off with RIL and RPL merger news. RIL has announced share swap ratio of 1:16 for its merger with RPL.We saw RBI reducing rates.Inflation breached to 3.03%.We say global markets touching new lows.US markets is now at 5 years low.Next week IIP data will be announced we will see a bad [...]
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Last week we saw markets were firm. Gave some positive returns in the week.The Government announced a 2% cut in service tax rates to 10% and reduced excise duty from 10% to 8%.A huge decline in GDP from 8.9% to 5.3% , this was one of the major cause of concern.Inflation now stands at a [...]
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Last week we saw some great falls. All was due to bad global cues and more over the disappointing budget. Market broke the 9K mark in the last trading session. GOLD is yet a precious metal. Rupee and Dollar play is set again as $ was 50Rs plus. Inflation is now at one years low. [...]
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Daily chart Nifty has broken trend line support of 2910 and after 9 September 2008 only twice Nifty has broken 55 EMA and again started trading below that. Nifty has Major support at 2747 if it breaks on closing basis then we may see October low (2252) again in short term. Market will be bullish [...]
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Last week as predicted did well. My target of 2890 is still not come. Projected to come this week. Last week we saw a tragic incident of the Mumbai terror atack which was shocking. Some gap up opening is expected on Monday as US closed positive. Sensex is showing much more strength than NIFTY. Simple [...]
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Sensex: (9385) Nifty: (2810) 14.11.08 We said ‘Technically the larger up move is still intact and the technical targets in the days to come would be 11588 but the crucial level to watch for would be the break of 9631, as that would negate the up move’ The market violated the 9631 levels [...]
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The markets (BSE Sensex) commenced the week on a strong note and surged past the psychological level of 10,000 points. The sharp rally was driven by buying in blue chips against the backdrop of China’s massive economic stimulus plan which raised expectations that authorities elsewhere would follow suit. However almost immediately thereafter, volatility took over [...]
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Sensex: (9964)Nifty: (2973)7.11.08 We said ‘Technically the markets are looking firm and are expected to trade higher and we are heading into a psychological 10000 mark. The pressure day to watch for is 4th November’ The market traded firm for the entire week and finally giving up some of its gain on the 5th instead [...]
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