The calm inflation….

The markets are happy with the cooled crude rise and the tapering inflation growth at 12.01%. The markets accepted the two main factors that lead this up swing in the prices.
The markets happy with the given situations but the real trigger of the market is the economic growth which is also cooling, that is against the wishes of the market. The invest plans by companies except in energy are at discourage state of mind due to high interest rates. Now the markets need reforms and favourable policy decisions that trigger economic boom in the manufacturing and infrastructure.
The SGX opened flat and we are likely to open around 4500-08 level. The challenge is to see whether we can move a head to maintain the Bull momentum.
Yester day the RIL performed but the ONGC went up and traded above the first support at 1012-1015 level.
The Nifty is good above 4555-60 level and weak below 4508-09 level, the first bottom support at 4466-63 level but today likely to touch 4441-45 level.
The market are in Bull grip even they fall will bounce back so long RIL trades above 2230, ONGC above 993, Relcap above 1330 and Bharti above 825-28 level.

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