Indian Share Market :-: Nse & Bse "
Good morning every 1
Have a nice day !!!
Thanks and warm regards
Green indicates "UP" :-: Red indicates "Down"
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weekly Technical Analysis - 23/06/2008 :-: Updated
--------------------------------------------------------------------------------
SenSex And Nifty
Market go down due 2 - Subprime, Crude Oil, FED, P-Notes, Inflation, Mansoon...
Downside correction may go upto 4050-4000 level before strong buying.
A negetive gap of 40 points expected on Nifty 2Day, Due 2 some Govt/Rbi News we may see Fresh Lows... Just wait and watch, Let Market stabilize 1st... then start trade
Trade wisely...Trade well...
JUST MAKE MONEY... NOTHING ELSE...
--------------------------------------------------------------------------------
Stocks with + ve bias :
Sterlite, Ranbaxy
Stocks with -ve bias :
Rcom, Bharat forge .
--------------------------------------------------------------------------------
News U can Use :
· Tata Communications agreed to buy a further 30% stake in
South Africa's No. 2 fixed-line operator, Neotel from two South
African state-run firms. (BS)
· IndusInd Bank raised Rs. 2.22 bn from the overseas market
through a fresh issue of shares. (ET)
· HDIL bought a 51% stake in media company, Broadcast
Initiative. (BS)
· TCS won a contract from Uganda Revenue Authority to design
and install integrated tax administration system. (BS)
· Jindal Saw is planning to set up the country’s first ship-building
and repair hub in Gujarat with an investment of over USD 2 bn. (ET)
· Binani Cement has acquired an African cement company for
around USD 100 mn. (ET)
· Jain Irrigation secured Rs. 227 mn export order from stateowned
sugar factory in Ethiopia to supply PVC pipes and fittings
and sprinkler system. (BS)
--------------------------------------------------------------------------------
US Indices
DOW : 11,807.43 -34.93 (-0.29%)
NASDAQ : 2,368.28 -17.46 (-0.73%)
S&P 500 : 1,314.29 -3.71 (-0.28%)
Asian Indices @ 9.30 am
Nikkei 225 : 13,644.97 -204.59 (-1.48%)
Straits Times : 2,962.44 +0.28 (+0.01%)
European Indices
CAC 40 : 4,473.76 -37.61 (-0.83%)
DAX : 6,536.06 -53.40 (-0.81%)
FTSE 100 : 5,634.70 -32.50 (-0.57%)
--------------------------------------------------------------------------------
A look at the Indian ADRs
[ Name Last / Last Trade / Change / % ]
Satyam Computer Services Ltd. 25.67 0.02 (0.08%)
Infosys Technologies Ltd. 43.92 1.08 (2.40%)
HDFC Bank Ltd. 75.81 2.65 (3.38%)
ICICI Bank Ltd. 31.85 1.27 (3.83%)
Mahanagar Telephone Nigam Ltd. 4.40 0.11 (2.44%)
PATNI COMPUTER SYS 11.20 0.07 (0.62%)
REDIFF.COM INDIA ADS 6.59 0.18 (2.66%)
Sify Ltd. 3.77 0.13 (3.33%)
Tata Motors Ltd. 10.99 0.37 (3.26%)
Wipro Ltd. 12.37 0.13 (1.04%)
(Indian ADRs: Indian companies listed on the New York Stock Exchange
--------------------------------------------------------------------------------
US Dollar (USD) -Vs- INDIAN Rupee (INR)
1.00 US DOLLAR (USD) = 42.925 INDIAN RUPEE (INR)
Crude Oil( $ / BBL ) 136.90
Singapore Nifty 9.25am
SGX CNX Nifty 4,121.0 -9.5
--------------------------------------------------------------------------------
Astrology View For 2Day :
. During the opening Nifty may remain below the surface and then it can assume a sudden upward movement. This phase may continue till 10:51.
. From 10:51 to 11:47, is a crucial phase which may bring bad news for the financial markets.
. From 11:47 to 13:00, Nifty becomes weak and relatively less turnover may be recorded in volume and value.
. From 13:00 to 14:35, Nifty may see a positive movement and it may try to move upwards.
. From 14:35 to 15:30, Ganesha advises you to book profit.
Source from Astrologer :
Millionaires don’t use Astrology, Billionaires do” – J. P. Morgan.
--------------------------------------------------------------------------------
$ & Crude
1st $ was strong.....OIL was weak.
-: From last 1 year or more ....$ is weak and OIL is on fire.
Now again US $ will become strong against all the currencies and see OIL and METAL crashing heavily in coming days....
--------------------------------------------------------------------------------