Thursday, November 27, 2008

Nifty levels - 27 Nov 2008

Nifty & BSE both Indian stock markets were shut down due to Mumbai terror attacks. Expiry date for this month's futures contracts is postponed for tomorrow i.e, 27 Nov 2008.

Mumbai attacks are the first of its kind seen by the nation. The scale of destruction & the retaliation shown by terrorist make all of us think hard about our safety. These terrorists have been popping out like cockroaches & it seems common man is not safe inside their toilets even.

Let us condemn these attacks from our full strength!!!!

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Wednesday, November 26, 2008

Indian Bailout Schema

Have you ever feel surprised why India is OUTSOURCING capital of world?? Well if the answer is YES then here is another proof of why outsourcing things to INDIA can be so much COST EFFECTIVE to the world(especially USA).

We have heard a lot about US Economy Bailout Packages. So back with bang here comes Indian version of Economic Bailout .Whatever the US government is doing with $800 billion with an anticipation of a 4 to 5 year time frame we Indians can do just in Rs. 150 crores (or $30 million being specific) within 2 year time frame.

So world keep on outsourcing to us!!!

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Nifty Levels- 26 Nov 2008

From today i am starting a series of regular posts about technical levels of NIFTY Futures to be used for short/medium term NIFTY FUTURE players. For making things short & sweet lets go directly on the expected levels for nifty in short term.

As of today, on 26 Nov 2008 Nifty futures managed to cross 2763 which completes the 50% fibonacci retracement from the levels of 2228 and 3299 and closed near to it so next target should be 2840/2885/2945 in short/medium term.

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