Monday, July 07, 2014

THE RAIL BUDGET……PROPOSALS DICTATE


REVIEW: AS SUGGESTED IN THE MORNING, ICICI DID NOT CROSS 1472 LEVEL FELL TO 1442, SBI DIDN’T CROSS 2714 FELL TO 2675 LEVEL, AXIS REGISTERED HIGH OF 1942 FELL TO A LOW OF 1915.

PFC DIDN'T PERFORM AS ANTICIPATED AND AURO PHARMA STOPLOSS TRIGGERED.


Govt. IS PROPOSING MANY SERIOUS MEASURES FOR BRINGING THE ECONOMY BACK ON TRACK. IT MAY BE TRUE FROM THE PM STATEMENTS THAT THIS Govt IS COMMITED FOR SERIOUS REFORMS IN RAILWAYS, CAN BE SEEN FROM THE PROPOSING RAILBUDGET TOMORROW. THE BOLD PROMISES OF EARLIER Govt YIELDED LITTLE RESULTS AS FAR AS THE SAFETY AND SANITATION PRIORITIES.

THIS RAIL WAY MINISTER MAY PROPOSE NEW LINES, HIGH SPEED RAIL TRACKS, AND SAFETY MEASURES AGGRESSIVELY. THE PROPOSED NEW LINES MAY BRING DEMAND FOR STEEL AND CONSTRUCTION EQUIPMENT COMPANIES.

FOR TOMORROW:

THE NIFTY IS IN SAFE ZONE ABOVE 7520 LEVEL AND NIFTY ADDED OI CLOSE TO 13 LAKHS FOR THIS 20 POINTS. 

THE KOTAK BANK WILL HIT HEADLINES SOON AS THE OI TODAY WAS ABNORMALLY HIGH FOR A STOCK LIKE KOTAK.

THE HDFC DUO AGAIN ADDING OI HEAVILY. THIS IS EVEN TRUE WITH IDFC WHICH KEPT ON ADDING OI FOR LAST 3 DAYS.

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