Trading Tips - koolfriend4u
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Sir I want to Buy Hindustan unilever at cmp of Rs. 256.25/- for the target of Rs. 266/- Because The stock is currently trading at 256.25 and it has a strong support at 255 level. From here it is likely to make an upward move as it has already corrected much.
Its momentum indicators, the stochastic and RSI are in the oversold zone at 12 and 33 levels respectively and hence supporting its upward trend.
Whats u r view on it ???
Its momentum indicators, the stochastic and RSI are in the oversold zone at 12 and 33 levels respectively and hence supporting its upward trend.
Whats u r view on it ???
TOKYO: Some countries may suffer double-dip recessions if they exit strategies taken to battle the global financial crisis too early, the head of the International Monetary Fund said on Monday.
Recovery in private demand and employment are necessary conditions for governments to begin exiting policies designed to support their economies, although the appropriate timing depends on specific conditions in each nation, Dominique Strauss-Kahn said.
"Recovery in advanced economies has been sluggish," he said. "We have to be cautious because the recovery has been fragile." Tackling high levels of public debt will become top priority for many governments, he continued.
But he added that too early an exit from stimulus measures could backfire as countries may not have the tools to deal with a renewed downturn after using both fiscal and monetary stimulus measures after the crisis.
"It would be difficult to find new tools," Strauss-Kahn told reporters in Tokyo. "The best indicator is private demand and employment ... In most countries, growth is still supported by government policies. For as long as you do not have private demand strong enough to offset the need of public policy, you shouldn't exit," he said.
The IMF in October forecast global growth would resume and hit 3.1 per cent in 2010 after contracting in 2009. Strauss-Kahn reiterated that the economy has been stronger than expected, led by emerging economies in Asia.
Recovery in private demand and employment are necessary conditions for governments to begin exiting policies designed to support their economies, although the appropriate timing depends on specific conditions in each nation, Dominique Strauss-Kahn said.
"Recovery in advanced economies has been sluggish," he said. "We have to be cautious because the recovery has been fragile." Tackling high levels of public debt will become top priority for many governments, he continued.
But he added that too early an exit from stimulus measures could backfire as countries may not have the tools to deal with a renewed downturn after using both fiscal and monetary stimulus measures after the crisis.
"It would be difficult to find new tools," Strauss-Kahn told reporters in Tokyo. "The best indicator is private demand and employment ... In most countries, growth is still supported by government policies. For as long as you do not have private demand strong enough to offset the need of public policy, you shouldn't exit," he said.
The IMF in October forecast global growth would resume and hit 3.1 per cent in 2010 after contracting in 2009. Strauss-Kahn reiterated that the economy has been stronger than expected, led by emerging economies in Asia.
Hi KoolFriend4u,
Just a small query? Is this counter not forming a double top at 2844 levels and since then its given a trendline breakout at 2585 levels and at further 2423 levels with good volume. I wud seek taking positions into this counter at 2598 on closing levels with tgt o 2700.
Just a thought...
Just a small query? Is this counter not forming a double top at 2844 levels and since then its given a trendline breakout at 2585 levels and at further 2423 levels with good volume. I wud seek taking positions into this counter at 2598 on closing levels with tgt o 2700.
Just a thought...
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