Good Morning readers, market gave a green closing following the positive global cues, at this hour Sensex is trading 100pts higher. On the global front, flashing news is that France came under fresh economic pressure as the international ratings agency Moody’s cut the French government bond rating by one notch from the highest level to “Aa1” and warned that an additional downgrade was possible.
Nifty Range - Levels Today :-
As per our research and analysis as long as Nifty trades below 5644, bears targets are 5555 5533 and 5511. Bulls have to see a close above 5644 to terminate current bearish trend. Bulls can take the driver seat after a close above 5733.
Stock Updates and News :-
L&T finance & holding ltd may merge with city union bank and may acquire banking liscence indirectly. Finance ministry has given approval for L&T finance to merge city union bank . The deal will be favourable for city union bank stakeholders and the deal may be sealed by december 2012.
Trade with caution !
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