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TODAY IS THE DAY OF PRIDE AS AN INDIAN INVESTORS & THE JOKER IN THE PACK IS….

Posted by on February 27, 2012 8:32 am · 586 views

in Daily Outlook,Educational,Overall market,Stock Trading,Uncategorized,Weekly Outlook

All Indian who are directly or indirectly associated with stock market should feel proud as AJIT JAIN is all set to take over Berkshire Hathway or Warren Buffet, the GOD of Investment.
Market today will be crucial as it sets the tone for the week. We have mixed and confusing global cues to start the trading week. While crude id at 10 months high above $109, yen is at lowest level since May 2011 at 81, which will usher carry trade again. FII data on Friday 8955 crore buy figure will give serious heart break to the Bears. MCX IPO is subscribed 54 times, most of this 35000 crore will again come back to the market in next few days. Today EGOM meet on ONGC price and mode will airlift the market with crude price at it’s’ favor.
Today our market will open subdued and try to find its feet after jerky move initially. It will become volatile in the second half and face technical resistance at 5500, 5545 and support at 5445, 5420. Any close above 5545 with volume may see NIFTY testing earlier highs of 5600 levels.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 5445-5545.
• US and European markets closed mixed.
• Asian markets opened positive.
• SGX nifty down 19 points at 8 am.
• Dollar index is at 78.44.
• Gold at $1777 and crude at $109.62.
• London future is down 12 points at 8 am.
• Dow future is down 8 points at 8 am.
FREE CALL of the day :( Visit the site around 8.30 a.m.)
ENJOY TRADING.



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