Global markets are trading higher and moving up despite of increasing tensions and crisis in the middle east. Libya is the latest casualty and slowly but surely the impact of the crisis will be shown on crude oil and Gold prices.
News Bytes
* SBI announces Rs 2,000-cr retail bond issue
* IDFC sees slowdown in lending in FY12
* Hexaware eyes 25% growth, to up headcount to 8,000 in FY11
* RCF to enter rival turf with phosphatic fertiliser foray
* Subsidiaries lift KEC’s performance
* IOB to get Rs 1,054 cr capital infusion from govt
Markets - Volatility ahead of expiry & budget
While there are absolutely no expectations on the budget from investor perspectively, we expect a surprise during budget phase. The only big negative global markets are ignoring is the Middle East crisis which might push cride oil prices and Gold prices higher.
It would be ideal for investors to still wait and watch and start picking up stocks only in case of further slide from current levels
Today's......Below.......5449.00 Mark...Once Again..Favours Bears Only...and May Try to Hit........5421.00 and 5401.00 too in Today's Trading Session......Watch Carefully............!!!
More Pain...Only Below......5391.00 Mark...Below that Mark...NIFTY FUTURE Likely to hit..........5378.00 and 5353.00 too.............
Levels for Bulls......!!!
Bulls--Bulls Aaya.Re.....Bulls May Try to Rock the Street.But Only Above..........5475.00 Mark..Above that Mark...NIFTY FUTURE is Likely to hit........5499.00 and 5517.00 too in Today's Trading Session.......Watch Carefully