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Wednesday, March 19, 2008

markets should rocket up today

Proposed action for tomorrow's trade Nil
Today's action Nil
Famex 10684
Previous month close 12557
Movement from previous month close 85.09
Target for this month 13310
News for today : 1 : The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of action in a quarter-century in a battle to halt a spreading credit crisis. Wall Street loved it, bursting to its biggest gain in five years.
News for today : 2 : SV Prasad of Schroders, thinks that Indian markets are near their bottom from a valuation perspective, he told CNBC-TV18. He said domestic liquidity needs to be strengthened. He is wary about financials and is watching the global impact on domestic finance. One should look at picking stocks gradually and selectively, he advises
Stock Barometer 1 - very good
Strategy for today : 3 : Watch
Quote for the day : A dollar picked up in the road is more satisfaction to us than the 99 which we had to work for, and the money won at Faro or in the stock market snuggles into our hearts in the same way. ~Mark Twain

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