Want of policy decisions ?……

The surprising dullness in the number of interviews conducted by the Finance Minister and Commerce Minister generating anxious moments in the minds of the investors. There were no triumphant statements on the progress made or the hope generating public announcements either. There was some kind of tussle in the minds of the Ministers as they could not open themselves as usually due to some undisclosed monitoring/controlling.

The early signs of tapering of inflation curve may give some boost to the markets. The inflation was at 12.4 % Vs 12.63% on week on week basis. The markets peacefully crossed the August series with out any fire works as the heavy weights already shown the signals of weakness, made no trouble to Bears.
As suggested in the morning the RIL did not touched 2185 level, made a high of 2168. In my earlier posts suggested that in case RIL trades below 2173 level a free fall is expected but that time it bounced back from 2153 level, begining of August series. The Tata Steel made a high of 589, RCOM made a high of 402.50. The Bharti made a high of 822.90 and a low of 796.35, could pierce the resistance at 818-19 level but could not trade above that level, it took support at 795-96 level. The ONGC made a high of 1019.90 and took support above 985 level.(….There was no change in the levels of Nifty but RIL has to trade above 2185 for up move, RCOM above 405-06 level and Tata Steel above 591, Bharti good above 818 and ONGC good above 1018-20 level).

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.