Q3 GDP numbers have been announced. The figure for Q3 2009 has been recorded at 5.3%.VS 7.6% (QoQ), vs 8.9% (YoY)
Manufacturing output down to -0.2%, construction growth at 6.7%, mining growth at 5.3%, farm sector output down to -2.2%
This may prove -ve for Indian market
Covering all the Daily Updates From The Indian Stock Market To Help You In Investing To Get Maximum Gains.
Friday, February 27, 2009
TRADING LEVELS AND INTRADAY RECOMMENDATIONS
Nifty Spot Pivot - 2749 --- (Short) L4 2703 H3 2769 (Long) L3 2719 H4 2766
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Res 1 - 2788 Res 2 - 2829 Res 3 – 2868
Sup 1 - 2708 Sup 2 - 2669 Sup 3 - 2628
Intraday calls:
Acumulation seen in MCDOWELL Buy @ 618 stop-loss: - 581 target 641 / 665.....Buy in cash..
ICICI BANK (BUY) 318-320 (Target1) 324(Target2) 329(Sl) 315
Morning Brief: 27-02-2009
Good Morning ....!!!
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
It was a quite good closing yeasterday with the Sensex and the Nifty, both closing in green. The Marketsrecovered in the second half with postive cues in Europe & Dow futures. US markets which opened lower looks like recovered at one point of time but due to bad Economic data and worse consumer confidence index numbers , they managed to close 1% lower.
Asian markets are trading fine and are in trading mixed .NIKKIE is up by 50 points SANGHAI is down by 2%.
Indian markets are to open low to flat and we may see some losses inthe offing today , Expect market to loose more than 0.5-1% . We seesome pressure in IT stocks as news from US tax policy over outsourcingproviders is negative. Fertiliser sector stocks may be in the limelight on the wake of some announcements in the near future...
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