MARKET OUTLOOK(29/6/2012):--
NIFTY SUPPORT:- 5065
NIFTY RESISTANCE:-5180
TREND DECIDER LEVEL:-5120
MARKET VIEW:- The first day of PM as FM seems to be in the right direction to reverse the climate of pessimism in India. One NRI client from Dubai commented yesterday with Pranab’s departure he is feeling freedom just like in 1947.
The most important action the market need is the solution to the retrospective tax laws.
FDI in retail and aviation
Some face saving formula for the diesel price hike.
Let’s wait and watch and see if PM opens his mouth this time. Believe us market will to love to see his teeth.
Well today is the news loaded day with expiry of June series. We will see the stock specific volatile move depending on the rollover or square off of the positions of the F&O operators.
Globally the 2day EU summit begins in Brussels today. We will watch the Q1 GDP data of UK and USA along with a host of data like jobless and consumer confidence.
Tomorrow market range: 5060-5180
NIFTY SUPPORT:- 5065
NIFTY RESISTANCE:-5180
TREND DECIDER LEVEL:-5120
MARKET VIEW:- The first day of PM as FM seems to be in the right direction to reverse the climate of pessimism in India. One NRI client from Dubai commented yesterday with Pranab’s departure he is feeling freedom just like in 1947.
The most important action the market need is the solution to the retrospective tax laws.
FDI in retail and aviation
Some face saving formula for the diesel price hike.
Let’s wait and watch and see if PM opens his mouth this time. Believe us market will to love to see his teeth.
Well today is the news loaded day with expiry of June series. We will see the stock specific volatile move depending on the rollover or square off of the positions of the F&O operators.
Globally the 2day EU summit begins in Brussels today. We will watch the Q1 GDP data of UK and USA along with a host of data like jobless and consumer confidence.
Tomorrow market range: 5060-5180
HOT STOCK:- ITC
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