Nifty Future

Todays Thought

THOUGHT FOR TODAY
Inner Beauty
“Wow…that’s beautiful!” Is either a cry or a thought when faced with the mountain sunset, a spectacular view or a well formed man or woman. But where is the beauty, where is the appreciation of beauty, where is the ability to discern beauty? It is within our own consciousness. For the essence of who and what we are is beauty itself. The essence of beauty is not found in the body, a face or a mountain – they only stir the essence of beauty within our own spirit. And that beauty is not only something we taste within ourselves, but it emerges in our character as virtue, and in our life as care. For what is virtue, but love in action. The next time you say, “That’s beautiful!” know that you speak of yourself, and it is you who are beautiful. Always were, always will be.

Nifty Future

(Updated on 10-08-12 Time 08.20 AM)

Breakout below 5324 and then not able

to cross 5337-5343

NF may slide lower at 5310-5298.

If weakness persists then slide may

extend up to 5376-5362.

If trades above 5355 with volumes for

10-15 minutes then expect 5368-5374-5382.

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Cash Nifty Chart on Updated 8-10-2012

cash-nifty

  • The complicated political mechanization that underpinned the euro zone’s ongoing challenges.
  • Index of industrial production dropped to negative 1.8% as against 2.5% in previous month.
  • The Greek political situations are very complicated and expecting some bad news coming back on the radar and take the steam out of the equity rally.
  • But Liquidity is still winning in global markets.
  • bit of resistance on world markets, but the wall of liquidity is so strong that corrections are very short-lived and inevitably you come back.
That does not mean that the rally is over, it may just be a pause Or Short Term bear attacked. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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Share Tips Updated on 09-08-12 at 08.40 am

ICICI Bank

No worry above 944 for bulls

949-952 intraday support

Crossover 964 will drive it to 968-971.

Target=984

Sterlite Ind

Above 103 bullish

crossover 108 will add more strength.

and touch 111-112

Yesterday we booked nice and hefty

intraday profit in

Reliance Capital, Rel Infra, Nifty Fut (Positional)

Long counters: REC, PFC, Ster, ICICI Bank,

Rel Capital,REl Infra, Siemens, HDFC Bank,

Ambuja, HDfc Ltd.

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Nifty Future

Nifty Future

(Updated on 09-08-12 Time 07.40 AM)

Yesterday we had written above 5352 NF would touch 5370

and if maintain above this level the we would see 5382

and then 5396in more upside.

Crossover above 5365 expect rally up to 5372-5372 levels.

In more strength 5396 not ruled out.

If breaks 5342 with volumes then slide up to 5329-5323.

If breaks below 5320 with volumes then see 5300

where it may find support.

Slide up to 5282-5376 in more panic.

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Is this the rally… Nifty? S&P 500 Index

rally-end-sp-500-index

Enough fireworks to chase away many retail investors. Equity fund outflows have been heavy, the highest in two years. Yet the S&P 500 is also up nearly 11% from its June low and is now pushing over the 1,400 level for the first time since late April.

Now the question is: Will it last? And where should investors arriving late to the party focus their attention?

  • The economy is in poor shape with GDP growth slowing to just 1.5% in the second quarter.
  • The unemployment creeping back up to 8.3% last month.
  • Stocks and risky assets — especially commodities — have been moving higher over the last few days

nifty-future

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India Plans to Sell a State-Company Stake Next Month, Khan Says

India said it may sell a stake in a state company next month as the government tries to raise 300 billion rupees ($5.4 billion) to help narrow the widest fiscal deficit among the biggest emerging markets.

“I am hopeful that I should be able to do something in September,” Disinvestment Secretary Mohammad Haleem Khan told reporters in New Delhi today. “Meeting the disinvestment target should not be a problem because we have enough in the pipeline and my team is working on other cases.”

Share sales are part of the government’s plan to pare the budget gap to 5.1 percent of gross domestic product in the year ending March 2013. India’s struggle to limit the deficit as slowing growth crimps tax revenues and subsidies spur spending has led Standard & Poor’s and Fitch Ratings to warn they may strip the nation of its investment-grade credit rating.

India plans to sell stakes in 15 companies, including about 10 percent in Steel Authority of India Ltd., the nation’s second-biggest producer, Thomas Mathew, joint secretary for capital markets in the finance ministry, said on June 18.

Prime Minister Manmohan Singh’s government projects record borrowing of 5.69 trillion rupees this fiscal year even as it strives to narrow the budget gap from 5.8 percent in the 12 months ended March. Last year, India raised about one-third of its 400 billion-rupee asset sale target, according to data compiled by Bloomberg News.

The budget shortfall is the widest among the so-called BRIC nations, which also include Brazil, Russia and China.

India will find it difficult to stay with its plan of 9 percent annual GDP growth from 2012 to 2017, Finance Minister Palaniappan Chidambaram said separately in parliament in New Delhi today. First-quarter growth slowed to a nine-year low of 5.3 percent.

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