Thursday, 18 April 2013

Too Little, Too Late

Some fairly good results from corporates like IndusInd Bank,  MRF Tyres,
TCS,  HCL Tech,  Yes Bank, etc. coupled with the continuing downfall in
prices of crude oil may have caused Nifty to rally further in today's session.

The govt. at the centre has come out today with its Annual Supplement to
the Foreign Trade Policy.    Amongst other measures,  the govt. has widened
the Interest Subvention Scheme to cover 134 more subsectors of engineering
sector.    It further extended the scheme upto 31st Mar., 2013.
These measures may be termed as,  ' too little, too late'.

1 comment:

  1. Markets Quantified
    NIFTY 18-Apr-2013
    Current Market Situation :

    NIFTY current close : 5783
    NIFTY resistance level : 5912
    NIFTY support level : 5756
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 13 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5807
    NIFTY intraday resistance 2 : 5835
    NIFTY intraday resistance 3 : 5876

    NIFTY intraday support 1 : 5759
    NIFTY intraday support 2 : 5731
    NIFTY intraday support 3 : 5691
    Markets Quantified

    ReplyDelete