Thursday, January 24, 2013

Again 6020 !!!

Dear All,

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Nifty Support 6020 again on Hold, also 100dma making sense for Bulls. Lets wait and see.


D Subbarao, P Chidambaram discuss economic situation

RBI Governor D Subbarao, who will announce the quarterly monetary policy on January 29, today discussed the prevailing macro-economic situation with Finance Minister P Chidambaram.


"Our next quarterly review policy is scheduled for Tuesday. As per standard practice, I have come to review macro economic situation with the Finance Minister," he told reporters after the meeting here.

The third-quarter monetary policy review is keenly watched by the industry as well as the market because the central bank has not lowered the key interest rate (repo rate) since March on concerns of inflation.

>> BANK NIFTY << >> As given on Weekly Review <<

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>> Happened and Yet to <<

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As wrote on Last Weekly Review - Bank Nifty holding 12523 and if holds tomorrow, then possibility of bounce is high.

>>SBIN <<

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SBIN looks like getting a channel support and 2420 and 2440 act as a support as i assumes that 5th sub wave should start from here.

>>ANDHRA BANK <<

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Andhra Bank on Channel Support and 100 dma. Lets wait for a Bounce.