Now at Present
Singapore Nifty +36.5 point
43.1460 INR = $
Crude = 138.7 $
MARKET, IS HAVING NEGATIVE SENTIMENT AND CAN LOOK TO TEST 3780,PANIC IN THE MARKET AND THE NIFTY CAN GO DOWN TO 3780 AND BREAK OF THIS THEN 3710 WILL SHOW UP ON YOUR SCREEN
ON THE UPSIDE NIFTY IS LIKELY TO FACE HURDLE AT 3890 AND THEN UPON CROSSOVER OF 3890 NIFTY WILL FACE NEXT RESISTANCE AT 3955-60
IMPORTANT DATES TO BE WATCHED.
o JULY 16 - EIA PETROLEUM REPORT
o JULY 22 - VOTE OF CONFIDENCE AGAINST UPA GOVT.
o JULY 29 - RBI MEET
TRADING STRATEGY - AT THE MOMENT MARKET SEEMS TO BE DIRECTIONLESS MORE ON THE NEGATIVE SIDE. NIFTY SPOT TRADING RANGE 3780 – 3890. BREAK OF ANY SIDE WILL CATCH THE MOMENTUM ON THAT SIDE
Parsvanath could see some short term gains as the company is set to make some announcement later in the day
IFCI bounced back from its intra-day low, the stock gained by a percent to close at Rs37. The company is planning to buy non-performing assets (NPAs) of the IIBI Ltd, according to a report also plans to revive these assets and recover money from them to add to its net profit. The scrip touched an intra-day high of Rs38.5 and a low of Rs35 and recorded volumes of over 1,00,00,000 shares on BSE
Indian Markets might close in the positive zone