Home

Wall Street starts week on negative close , How will it be for BSE Tuesday ?

vishaljain's picture
Submitted by vishaljain on August 11, 2009 - 04:21

»
Submitted by vishaljain on August 11, 2009 - 04:38. #

Dow closing at a loss of 32 points is not too bad after 4 weeks rally. Investors are pausing for a moment and looking at more economic fundamentals. Key question.. is recession over for USA and Hence world economy.

Recession may not be over, but signs of improvement will definitely help. Reatil reports are due tomorrow that will tell the true story. So fa consumer has been shying away from shopping and that was hearing retailers a big way.

Let's Zoon into India now. Apart from global India has some serious local concerns. Number one is lack of monsoon rains. Sugar and other food commodity shooting through roof.

We think Tuesday will be flat to negative. Nifty is still trading well above 50 Day moving average. Tuesday will be another test if it can break moving avg. Any close below 4400 will be bearish.

 

Recent Comments and talks

What is AskDalal ?

AskDalal is a investment blogging portal dedicated to Indian investment community , where every blog answers a question.It may be stocks, bonds,commodity, real estate or anything else.Post your blog title  or a question, community will do research and answer the question to give you your own research report.It is 100%free , no registration is required to browse and ask questions.It's great for writers looking for article topic,and cool for investor looking for answers.

>>> faq

Top Contributors

UserPoints
suniljain10,440
admin2,990
rahul das2,460
anilmehta1,710
dipak1,540
rakeshseth1,500
himesh1,350
stockguru1,110
shah1,060
bharat_vora1,040
more

Become Askdalal Research Analyst

Are you an MBA (finance) students, economics students, or journalist with broad interest in stocks, investing and finance. Do you want to polish your skills before getting into job market ? Come join askdalal as Research Analyst.Email your resume to tripti.shah@askdalal.com.

If your resume is impressive you will get chance to show your talent,polish your skills and earn money along the way. At the convenience of sitting at your home computer. See rules for askdalal investment analyst.

Latest Dalal

  • rosenjack13
  • bangalore.scrap
  • bipin1987310
  • mohammed ilyas
  • mehta.a10