Nifty rallied for third consecutive day and closed at 30-month high, led by buying interest in technology, financial, realty, metal and select capital goods companies’ shares.
Cash conditions in the banking system will return to comfortable levels by the end of July.
India’s industrial output rose at its slowest pace in seven months in May, but slower-than-forecast growth is not expected to stop the Reserve Bank of India (RBI) from raising interest rates later this month.
FREE Nifty TIPS
Tuesday, July 13, 2010
Friday, July 2, 2010
NIFTY LEVEL FOR TODAY
Nifty witnessed the yet another highly volatile session & in the end close on Red. Now in the downside the short term support zone seems to be around 5200 to 5220. Closing below this may drag it till the lower levels of 5100 to 5110 in near term. For short term trading one may go for sell in Nifty future on every high until it close above 5360.
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