- Intraday calls for 13-01-10
- Index may lose 5,200 support
- Industrial growth at 2-yr high on durable stimulus
- BUY NIITTECH
Posted: 12 Jan 2010 06:44 PM PST
Posted: 12 Jan 2010 06:33 PM PST
The Nifty faced resistance at 5,300 and closed below its nearest support of 5,220, indicating that there is a risk that it may lose its support of 5,200. We had indicated last week that the index might not move above 5,300 and lose its support of 5,200. Now, the Nifty has crucial support ...
Posted: 12 Jan 2010 06:32 PM PST
Backed by government stimulus measures and a low base effect, growth in industrial output touched a two-year high in November 2009. The index of industrial production (IIP) grew 11.7 per cent, primarily due to growth in manufacturing (12.68 per cent in November as against 2.7 per cent las...
Posted: 11 Jan 2010 08:08 PM PST
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