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Monday, June 21, 2010

HAPPY MONDAY - 21.06.2010

 TODAY NIFTY WILL GAP UP OPEN

TODAY INTRADAY TIPS

DLF BUY AT 283 TARGET 288

STERLITE BUY AT 678 TARGET 687

RIL BUY AT 1054 TARGET 1064

ITC BUY AT 295 TARGET 299

TATASTEEL 474 TARGET 480 - 482

nifty HURDLE 5330 - 5350

9.12 AM :SUPPORT 5302 - 5250 - 5202 - 5180 - 5150

9.18 AM : AFTERNOON SOME CORRECTION POSSIBLE

GLOBAL MARKET ALL ARE GREEN

TODAY EUROPE IS LOST HOPE FOR BEAR

10.12 am : TATA MOTORS LAST RESISTANCE 824

10.18 AM NIFTY IN HIGHER LEVEL 5350

10.52 AM : TATA STEEL ROCKING

11.52 AM : TATA STEEL RESISTANCE 509

11.54 AM : TODAY IF EUROPE WILL GREEN WE WILL REACH NIFTY 5400

IF EUROPE WILL RED OUR MARKET SUDDEN DOWN POSSIBLE

12.07 PM ; CANADA ECONOMY IN FRONT 
The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew at a 6.1 percent annual rate in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered.
World leaders have noticed: President Barack Obama says the U.S. should take note of Canada's banking system, and Britain's Treasury chief is looking to emulate the Ottawa way on cutting deficits.
The land of a thousand stereotypes -- from Mounties and ice hockey to language wars and lousy weather -- is feeling entitled to do a bit of crowing as it hosts the G-20 summit of wealthy and developing nations.
"We should be proud of the performance of our financial system during the crisis," said Finance Minister Jim Flaherty in an interview with The Associated Press.

12.27 PM : NIFTY TRADE WITH FLAT,IT WILL WAIT FOR EUROPE OPENING


12.40 pm : US MARKET THIS WEEK

Monday: There are no market-moving economic or corporate events expected on Monday.

 Tuesday: The existing home sales index from the National Association of Realtors is due in the morning. The index is expected to have risen to a seasonally adjusted annual rate of 6.10 million units in May, up from a 5.77 million unit rate in April, according to a consensus of economists surveyed by Briefing.com.The FHFA Housing price index for April is also due in the morning, but is not typically a market mover

Wednesday: The May new home sales index from the Census Bureau is due shortly after the start of trading. The index is expected to have fallen to a seasonally adjusted annual rate of 427,000 units, from a 504,000 unit rate in the previous month

 Thursday: The Commerce Department releases the durable goods orders report for May in the morning. Orders are expected to have fallen 1.4% after rising 2.8% in April. Orders excluding transportation are expected to have risen 1.25% after falling 1.1% last month.
The number of Americans filing new claims for unemployment is expected to have fallen to 458,000 last week from 472,000 the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have risen to 4,580,000, from 4,571,000 last week
Oracle (ORCL, Fortune 500) reports quarterly results Thursday evening. The software maker is expected to report earnings of 54 cents per share, up 17% from a year ago, and revenue of $9.5 billion, up 38% from a year ago.

 Friday: The revised reading on gross domestic product (GDP) growth in the first quarter is due in the morning. GDP is expected to have grown at a 3% annualized rate, unchanged from the previous reading.
The University of Michigan's final reading on consumer sentiment in June is due in the morning. It's expected to hold steady at 75.5, unchanged from the last reading

2.03 PM : LOOK EUROPE COME DOWN

2.34 PM : MARKET BORING

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