Good Morning....!!!
Nifty (spot) Levels for the day are: 2870,2899,2915,2945,2960,2999,3012
Today is a crutial day in INDIAN stock market for the year 2009, Mr Pranav Mukherjee , The FIN. Minister of the Manmohansingh GOVT. is to present the FAREWELL (Interim) Budget. Indian markets expected to open flat to negative but may trade rangebound , Do not expect any major moves either side and will experience high rangebound trade and we may see lot of volatility during the presention of the interim budget in Parliament.
We advice members not to trade in huge quantities and it would be best idea to stay away from the markets for the dayor trade with strict stop losses. Airline stocks may be in limelight as the oil marketing companies further reduced the priceson Avation fuel.
US markets were weak in friday with DOW ending nearly 1% down ,Crudetoo is trading near the 38$ per barrel.The much awaited stimulus package is approved by the congress and thePresident Mr Barrack Obama is expected to sign on tuesday. Asian markets opened weak leaving SANGHAI which is trading with 1%gains . NIKKIE and HANSENG are trading in red.
Market has gone up in the past couple of days due to speculation on tax relief's and other soaps to industries. It was as event based movement which will be out today. All policy decisions will take time to show recovery and growth and doesn't have single day implication. Hence is it advised to book profits at every higher levels unless there is more fuel than what is expected in the interim budget.
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
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