Friday, May 23, 2008

==>> Inflation is a concern

It's Friday again... Inflation Numbers to be announced...
Inflation will be higher again in this week as rising crude prices and weeking Rupee. For the government it will not be easy to fight with the Inflation with the rupee loosing its shine. Steel prices are at all time high.
Nifty close below the trendline. If it trades below 5030 then book all ur profits. and wait for the proper direction to take futher steps. 5010 seems to be a good support.

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