Posts Tagged ‘ECONOMY

24
Jul
17

Nifty levels of the week : what to do at current levels

Trend decider: 9951 +/- 11 points

Resistances : 9999 – 10060 – 10222 – 10400

Support       : 9841  –  9790  –  9623  –  9444

Disclaimer: All levels calculated based on mathematical farmula only.

 

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10
Jul
08

NEWS OF THE DAY

India has submitted its plans for safeguarding its civilian nuclear facilities to the world nuclear regulatory body.

The International Atomic Energy Agency’s (IAEA) approval of the plan is a key condition for putting into effect a nuclear deal between India and US.

Left-wing parties in India have pulled out of the governing coalition in protest against the deal.

The government says it is needed to meet soaring energy demands.

India is under pressure from Washington to sign the accord before the US presidential elections in November.

Reports say a restricted draft of India’s plans for safeguarding nuclear facilities has been given to IAEA’s 35 member nations ahead of a meeting to approve the agreement.

 

 

HIGHLIGHTS OF GOVT. ADVISOR VIRMANI’S INTERVIEW TO NEWSWIRE:-

 

  1. its RBI’s job to control inflation expectation
  2.  RBI has and will take “appropriate action”
  3. oil price spike main source of uncertainty this year
  4. food prices relatively well controlled
  5. inflation likely to be “back to normal” in an year
  6. see economy growing @8.5% in FY09
  7. investment demand in economy still strong
  8. FY09 revenue mop-up to be higher than budget aim
  9. will meet FY09 fiscal aim of 3%

 

 

1 Response to “comments to infosys”

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  1. 1 rkarora July 10, 2008 at 9:15 am

there are remote chances that nifty will hit stop loss.
it may take support at 4100 and there will be pull back to 4187 again




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