Posts tagged ‘Afghanistan’

Trend

This week the International and National trends are,quite surprising.

Global:-

1.The US and European  economies are in a bad shape.

2.The Rift between the White House and the Pentagon,seems to be in the open after Mr Robert Gates,reportedly,said that the USA will NEVER leave Afghanistan.This has taken many by surprise.

3.The USA is considering a Bill to punish nations that undervalue their currencies,China?

4.Roma:EU warns France

5.Emergency declared in Ecuador,as Rafael Correa is rescued by the soldiers from a Police Hospital where the Ecuadorian President was kept hostage,as a protest,reportedly,encouraged by the USA,(against some of whose firms,Signor Correa seems to have taken strict action),against the austerity measures.

6.This year gold will be anywhere from $1,450 to $1,650/Oz,as per Bob Chapman of The International Forecaster.

Indian:-

1.The much awaited Ram Jamabhoomi verdict was announced and no violence was observed.The Sunni Muslim,WAQF Board,has said that it will approach the Supreme Court Of India.The Shia Community in UP wants the verdict to stand and is trying to persuade the Sunni WAQF Board to accept the verdict,and  has also made a magnanimous offer of  Rs 15 Lakhs for the construction of Ram temple in Ayodhya.

2.RIL crude production from its KGD6 basin reduced by 29%,due to LESS pressure.The price of this stock may fall on 4/10/2010.Since RIL is an index heavyweight,the Sensex and the Nifty may also be affected,adversely.

3.More than 3800 Engineers join the SBI,as clerks,when India’s economy is supposed to be flourishing.Speaks volumes about the unemployment situation, in India.

4.CIA Chief meets P Chidambaram who,like Kapil Sibal, had part of his education in the Harvard University,a reported,front of the CIA.

5.Sterlite Industries gets a reprieve as a stay  on the stoppage of its Copper plant in Tuticorin,has been ordered by the Higher Court,against a lower Court decision.

6.Government Of India unable to access Blackberry messenger encrypted codes,though RIM Canada, has allowed access reportedly.India and many other West Asian nations fear that this can be misused by the Terrorists.

7.CWG open today.

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Market Outlook.

1.BDI below 200DMA and touching 50DMA.

2.Dollar is WEAK but G20 is playing ball with US Wall Street Bankers and making monkeys of the World.

3.Greece,Iran and Afghanistan are anxiety areas.

4.RBI may be forced to hike rates, to counteract Inflation.

5. Steel,Cement etc are costly.

6.FII flows continue and DIIs are buyers.

6.Crude oil price higher.Read here.

Delicately poised,with a negative bias.