Nifty Futures Trading

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mahesh2007

mahesh2007

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#9,454
#9,454
uasish said:
Today at closing NTPC is (-) 4.20 % & Bharti (+) 4 %,hope we all know about the Weightage of this 2 stock in Nifty.
Only the traders in Bharti looked at yesterday's DOW & traders of NTPC did'nt had that oppurtunity.:confused:
Click to expand...
NTPC was in talks with NPCIL(nuclear power corporation of India ltd.) for foray into nuclear power generation.
NPCIL was not in a position to achieve the target of 20000-40000 MW on it's own.
So, NTPC was major beneficiary of the nuclear deal.
Those who were assuming UPA to win the vote of confidence started accumulating the NTPC and the stock shoot to 190(23/7/2008) from 162(11/7/2008).
It is coming down due to the profit booking. since 28, price is falling with the increasing volume.RSI was also gone into the oversold teritory.

 
Sunil

Sunil

Well-Known Member
#9,455
#9,455
it seems the bull run is for real (atleast for dow, thus maybe for global mkts)

F I V E good news:

1. Oil cooling down more
2. President Bush signs Housing bill to provide much-needed Mortgage relief
3. Latest US Job data shows more employment (less unemployment)
4. Fed extends emergency loan program for wall street
5. Govt. announces quaterly borrowings to handle deficits

chappad phaad ke

atleast double century should be expected after this pour of news
 
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