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INDIAN STOCK MARKET FOR 17 SEPTEMBER

Important notes for forthcoming Market : 16th sept. Nifty able to cross 5900 for the first time since January 2008, but could not sustain and went down due to profit booking. Today global cues were also mixed and not supportive . Recent credit policy of RBI regarding increase of repo rates and reverse repo rates made lot of confusions among traders resuling abraupt volatilty which was inevitable . But if you have an optimistic and logical view, then the said credit policy will neither affect the interest of most banks as well as the investor's . For your information a famous bank like “HDFC” got no concern with the repo rates, so presently they are not going to hike the EMI for their customers who intend to take car or home loans, ect. Above is self explanatory. Finally fresh inflow's of FII'S in Indian Stock Market are still continuing. Please note that in the month of september 2010 they have invested Rs. 15000 cr. Till date. So what I believe, there is nothing to be worried. Sideways correction are healthy for the Market and volatility will also persist. Hopefully by Diwali 2010 you will see a stable and a Bullish Market.


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Intraday Tips Updated at: 1:21 AM
 
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