Thank you Mynac for your posting at 12.32 A.M. !!! Surely our first preference will be parents. I appreciate your views.
FIIs were net sellers with the tune of Rs 134.52 cr (prov. cash market fig).
EU as well US markets were closed nearly 2% each due to Japan crisis. The USDJYP freefall and Japan nuclear plant which is out of control now shows its colour in World Financial market.
Asian markets are trading flat to negative in the morning. SGX Nifty is trading around 5476, 53 points down at 8.15 a.m. It is trading between 5466 and 5479 for the last few hours.
Today’s major event is RBI meets. 25 bps hike in interest rate is expected. But any surprise from RBI will effect our market. Corporate Taxes (Advance) are quite good suggests that Indian Companies are not too bad. But time now is to watch the global cues and trade accordingly since our markets also dance with the global tunes.
WATCH 5480-89 AREA. IF CROSSED WITH VOLUME, GO LONG................... BELOW 5477, GO SHORT.
ALWAYS PLACE PROPER STOPLOSS OR HEDGE YOUR TRADE AS PER YOUR RISK TAKING APETITE. VOLATILITY MAY BE SEEN TODAY.
