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Thursday, March 27, 2008

weak global cues

Bad for us that the Global cues is not helping Famex to stay about 90%. Today also we would find Famex slipping further.


Proposed action for tomorrow's trade None
Today's action None
Famex (according to previous trading day) 11225
Previous month close 12557
Movement from previous month close 89.39
Target for this month 13310
News for today : 1 : Wall Street pulled back Wednesday after a drop in February's durable goods orders injected more pessimism about the economy into the stock market. The Dow Jones industrial average fell nearly 110 points.
News for today : 2 : Tata Motors has bought Jaguar and Land Rover for USD 2.3 billion. Ford will also supply power trains, stamping, and other components. Along with that, it will provide engineering support, including research and development. Ford Motor Credit will provide financing to JLR dealers for 12 months. There will be no change in the terms of employment for JLR employees. Ford added that the deal comprises of brands, manufacturing plants, and IPR. The deal will be closed by the end of the next quarter.
Stock Barometer 3 - volatile - would end lower
Strategy for today : Sell weak stock on high
Quote for the day : Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben

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