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Thursday, July 17, 2008

taking a direction

Proposed action for tomorrow's trade None
Today's action None
Famex 8874
News for today : 1 : Stocks surged Wednesday as another drop in oil prices helped offset concerns about a jump in inflation last month. Also, Wells Fargo's second quarter results beat Wall Street expectations, and investors appeared pleased by Wells Fargo's decision to raise its quarterly dividend.
News for today : 2 : Daryl Guppy, Founder and Director of guppytraders.com sees immediate support for Nifty at 3600; below that it will be at 2900. According to him, we will witness a strong bear market if Nifty fails to hold above 3600.
Stock Barometer 2 Good
Strategy for today : Hold to stocks. And invest in good stocks.
Quote for the day : "Buy land. They ain't making any more of the stuff."
- Will Rogers
1879-1935