| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating:  Points: 3 |
One can be bullish about September's trading session....
Indian inflation is directly correlated to the price of crude oil and this fall in crude prices will result into a positive rally in September...
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
Crude oil has important support levels at $111-110.
There is a possibility that crude may test $100, but there may not be a convincing break below this level....
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 2 |
Nymex Crude has fallen below $110 per barrel to its 22-week low of $108.84 per barrel, down 5.7%, reports CNBC Awaaz...
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
With crude oil price falling to 22-week low levels, the market is seeing a sudden boost.
Aviation stocks are also moving higher.
Interest rate sensitives like banking and realty stocks are also having a good day...
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
Crude slides below $107 and is trading at $106.91 per barrel down 7.41%.
Experts believe that with crude breaking $110 it may now slide down to $98 per barrel...
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
Sensex crosses 15000 and Nifty 4500 as crude slips below $106 /bbl.
Crude is trading at $105.64, down 8.51%, the lowest since April 7, 2008.
Crude had touched $147/bbl on July 11, 2008.
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 4 |
Crude cooling off will have a positive impact on inflation and interest rate sensitives.
The market has rallied as it got good cues, the appointment of the new RBI governor who is supposed to have a pragmatic approach to policies and crude slipping.
Crude was going up on lack of any fundamentals and now money is being pulled out of crude and getting into dollar and equities...
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| Author: Kathirvelu 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
In the near term, if Opec holds production steady in next week's meeting, crude prices may fall below $100/bbl.
Crude has support at $95 if it falls below $100/bbl, it is trading at $107/bbl, down 8.32%. ...
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| Author: Sandy 02 Sep 2008 | Member Level: Diamond | Rating: Points: 3 |
Hi Khatir Crude oil had a very strong and sustainable support at 110$ per barrel, and it has been breeched today the result was such a great rally of nearly 600 points in Sensex.
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| Author: ankit 02 Sep 2008 | Member Level: Gold | Rating: Points: 3 |
There you are ,anything related to stock market and sandy has to be there.Good one buddy,and you are as always right too..The markets rallied like anything today.15k in no time.Traders delight:-)
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| Author: Sandy 02 Sep 2008 | Member Level: Diamond | Rating: Points: 3 |
Hi Ankit, thanks for your appreciation, you know there are many persons who rely on my calls regarding stock market, so its not easy to post any thing just irrelevant. I really work out before posting, you know well.
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