Mkts likely to re-test Jan lows
May 13, 2008
There is a possibility that markets will re-test its January lows. “There are negative cues from the economic data, lack of confidence among investors, IIP slowdown, and high crude prices. Investors are not rushing in to buy, and fundamentals do not look very positive.”
There has been a sector rotation. “The market has not found clear sector moves.
Markets will remain choppy for the next 3-4 days. “The Nifty is likely to be trade rangebound between 4,600 and 5,300 for the rest of May. The markets may bottom in few days and can provide buying opportunities for investors.
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Credit Crunch » Mkt&hellip | May 13, 2008 at 4:09 pm
[...] Today Share Market Tips . in wrote an interesting post today onHere’s a quick excerpt There is a possibility that markets will re-test its January lows. “There are negative cues from the economic data, lack of confidence among investors, IIP slowdown, and high crude prices. Investors are not rushing in to buy, and fundamentals do not look very positive.” There has been a sector rotation. “The market has not found clear sector moves. Markets will remain choppy for the next 3-4 days. “The Nifty is likely to be trade rangebound between 4,600 and 5,300 for the rest of May. The ma [...]
2.
marl&hellip | May 18, 2008 at 9:01 am
[...] IIP slowdown, and high crude prices. Investors are not rushing in to buy, and fundamentals do not lhttp://bestdigital.wordpress.com/2008/05/13/mkts-likely-to-re-test-jan-lows/Oxea Announces Solvents Price Increases Centre Daily TimesOxea will increase solvents off-list [...]