The evening results may affect the Nifty in advance during the day trade itself.
The SGX is down by 60+ as the US weakness in the last night and the Europe lost much yesterday may put pressure on the bulls. The different views of FM and the Economic advisory council to PM may bring some doubts to markets. The general view is that the markets may test the 4100 level, we have discussed the same in my earlier posts that the 4350-60 level is likely before it could make a fresh move. Even it fails to hold at that level the 4120 level will hold as the bottom formation at that level is very strong.
The Nifty could stay above the 4500 through out the day with great expectations from SEBI on P-Notes. Now the Nifty may open again below 4509 but this time it will go below 4990 level and test the previous post levels.
The Tata Steel in news of setting 45 lakh tones plant in Vietnam, Sail and Paswan are working together on Jharkhand’s Chaira mines.
The news that the rising wage bills of tech sector and duration while collecting dues from clients may squeeze the upward movement in tech stocks.
Most of the stocks are in the previous posted levels.So please consider the earlier levels for to day.
The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Thursday, August 14, 2008
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