For the past two days market was went up because of the global markets. U.S,Hongkong markets up for the past two days. the upside movement will continue till tomorrow,because tomorrow is the last day for Futures and options. the brokers will take the market to upside.In every rise you sell your position. after budget market may fall this is what the message which i have received from many brokerage houses. because of the railway budget kalindee rail,texamo,Beml, stone india went up. by 2010 all the trains should contain stainless steel body comportment because of this jindal stainless steel will gain more.yesterday it went up around 10%.in longterm view one can take position on Jindal stainless steel.
market will be good for today & tomorrow
Posted by Unknown at 9:29 AM 0 comments
Labels: Futures and options, Jindal stainless steel, market movement, market upside movement continues, railway budget impact
UPSIDE MOVEMENT CONTINUES
yesterday night US markets went down around 200 points,because of that only our indian stock market is also down in the opening time.In the morning Bombay Stock Exchange(BSE)sensex went down upto 331 points. Afternoon onwards market start increasing and went up by 363 points(18070). National Stock Exchange index Nifty raised by 101.10 points at 5,303.10 with all the index-linked stocks moving up.Buying activity picked up after reports that inflation rate has declined to 4.07 per cent for the week ended on February 2 against 4.11 per cent in the previous week, mainly due to fall in prices of some food items, jet fuel, and select manufactured goods.Then PM manmohan singh told that government will take proper steps to appreciate indian rupee value.
Posted by Unknown at 5:58 PM 0 comments
Labels: inflation concern, market upside movement continues, nifty, sensex