2 January 2008
Stocks faced off 2008 on a lackluster note, and then a worse than expected manufacturing reading sent the major indices into negative territory shortly after the opening bell. Currently, the major indices are posting significant losses in excess of 1%, as they trade slightly above their intraday lows.
The weak data spurred traders to increase bets on a Jan. 30 rate cut, which caused oil (+3.3% to $99.12) and gold (+2.6% to $860.10) to extend their gains. Traders now expect a 26% chance of a 50 basis point cut, and fully expect at least a 25 basis point cut. Last week, futures suggested a 92% chance of a 25 basis point cut, and no chance of a 50 basis point cut.
we can see nifty 6543 if crossed 6240 with volume today it kiss 6236 and than Nose down to 6200 we love to see big upside in Divislab INDIA INFOLINE $ UTV( IT WILL KISS ADLAB RATE SOON) NIFTY CAN COME TO 6145
WE ARE VERY MUCH THANKFUL TO MR AJAY FROM POUNDICHERRY WHO MAILED US ALL PICS WE HAVE POSTED IN ONE YEAR
by erectusplus at 17:06:00 |
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