Tuesday, June 18, 2013

5870 Resisting

Dear All

Bernanke likely to signal tapering :

Fed Chief Ben Bernanke is likely to signal on Wednesday the central bank is close to reducing its $85-billion-a-month asset-purchase program. Bernanke is likely to deliver an upbeat message on how the strength of the economy will soon justify a taper, with a signal that this in no way brings forward a rise in short-term interest rates, according to the report.Rising bond yields are likely to make the Fed cautious about acting too quickly after its first move.

So if this Happens, then No Way FII's may start pulling out Money from Our Market Too. Going to be Interesting tomorrow.

>>> NIFTY <<<

>Click the chart to see on full screen<

No change on levels as said yesterday.

>>> Exide Industries <<<

>Click the chart to see on full screen<

Exide on Bear Phase. Should Fall from here. If break the Triangle then Free fall not ruled out. Lets See.