Nifty smartly recovers to end flat.

Written by HARIKRISHNAN.T
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Today also Indian market closed in RED.

Nifty closed 5505 and Sensex in 18327.


There is no clarity in maret that’s why the market went down today also.

Inflation worries had spooked the markets last week and today concerns over Egypt pulled the markets down.


The next major support of Nifty is at 5400.

If the nifty break that support then it can come up to 5200. So if nifty break that support level then the best thing is to sell your shares and buy that in a lower margin.

Lalit Thakkar, MD-Institution, Angel Broking says, the Nifty may bottom out at 5,350-5,400 level.


Among Asian markets, Nikkei, Hang Seng, Straits Times and Kospi fell 0.7-1.8% while Shanghai was up 1.4%. Taiwan gained 0.5%.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "



What a Terrible week.....

Written by HARIKRISHNAN.T
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It was a terrible week for Indian market.

Sensex and Nifty closed in red today also.

The market was red in Tuesday, Thursday and Friday.

The sensex closed 288 points below and Nifty closed 92 points below today.

So see current fall as a buying opportunity.

Buy shares which has good fundamentals.

RIL is a good choice. The current price is about Rs.920/-

Regards Hari " लोका समस्ता सुखिनो भवन्तु "



IMPACT OF RBI DECISION

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Reserve Bank of India announces their new policy today for controlling the inflation in the country.

RBI upped the repo--the rate at which it lends to banks -- and reverse repo--the rate at which it borrows from banks--rates by 25 bps each to 6.5% & 5.5%, respectively.

CRR rate remains unchanged.

Inflation is likely to be a global concern in 2011 and emerging markets are facing significant inflationary pressures, says RBI Governor D Subbarao. 

The effect of RBI policy influenced market in a negative way as all of us expected.

SENSEX closed 181 points in RED.

NIFTY closed below 5700.

Banking sector faced large selling pressure. Almost all Banking shares closed in RED.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "