
ACCORDING TO ANANDH RATHI:
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today mkt open with flat and we see some down turn i recommend one can buy Nifty 2700 pe those who are holding can average it around 2825
SUPPORT : 2692
RESISTANCE: 2839
Yesterday the market performed better due to wide expectations of rate cut by RBI. Inflation figure declared yesterday dropped to 8.4% as compared to 8.84% in the previous week. On global front Dow ended 2.51% down and Nasdaq ended 3.14% down. Dow tumbled in the final hour of trading on growing investor anxiety ahead of the US Govt.'s November employment report. Today morning Asian markets were trading inn green where Nikkei up by more than 0.5% and Hang Sang up by more than 2%. Looking to the global and domestic cues market likely to open flat and trading remain range bound.
ACCORDING TO INDIA INFO:
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SUPPORT :@ 2692/2596
RESISTANCE:@ 2838/2889 pivot @ 2743,
Nifty Fut is Further bullish abv 2852 for tgts 2900/2930/2980
NEWS:
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BANK OF ENGLAND INTEREST CUTS.
ECB INTEREST CUTS.
FRANCE :STIMULUS PACKAGE
INDIA: PRIME MINISTER ANNOUNCES DEC 6TH ABOUT 15000 cr package