Friday, July 9, 2010

Market overview for July 9

Transcript of Audiovisual
Friends, :Friends, PLEASE SWITCH ON YOUR SPEAKERS ValueTrade Academy Pvt Ltd Creating Educated Investors


Quick Market Overview For Fri 9th July 2010 :Quick Market Overview For Fri 9th July 2010 By CA Rajiv D Khatlawala MD, ValueTrade Academy Pvt Ltd. www.investogyan.com


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Key highlights of today’s Trades :Key highlights of today’s Trades At last , the market broke out of the range and closed higher at 5350+ levels Overall volumes have risen compared to last few days which is positive signal Telecom stocks rally more than 7% on re-rating by a leading FII IMF raises the GDP forecast for India to 9.5%


NIFTY The Technical picture :NIFTY The Technical picture


Commodity Select – Steel Long (NCDEX) :Commodity Select – Steel Long (NCDEX)


In Conclusion :In Conclusion Now that the break out of the trading range has occurred , watch the 5400 resistance Midcap counters likely to show activity The weekly charts are turning about after a long stagnation, and so a break beyond 5400 should be a signal of further bullishness


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