Tuesday, January 12, 2010

As mentioned in my last article that ALL is not WELL in the market. As said in my last article that the markets are looking heavy and might come down as Nifty is facing resistance at 5300 levels. Nifty after making high of 5300 levels, closed down at 5204. Even after strong opening & very positive IIP data, markets continued to slide down. RIL Ind hinted that some more treasury stocks can be sold to raise more funds for the Lyondell Buy. As mentioned yesterday that, according to me this was the only reason the markets pulled up. One of the Top newspaper also covered this story.

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