Nifty has closed above 100EDMA 4912 and closed above important levels of 5000 in Nifty and highest close in 24trading days. http://akprabhakar.blogspot.com *Caution:* Budget has not given any negative surprise, and all data is very good in Indian market with forward earning @ 16-17times market doesn’t look expensive. But in my technical view I am not convinced about market so till 5200 above close is not seen I would prefer to stay light in market with 30% only invested.
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100302194438194&dir=2010/03/02 Post budget techno-fundamental calls http://www.moneycontrol.com/news/business/gujarat-nre-sees-coking-coal-orders-at-above-36200t_444485.html Gujarat NRE Coke expects long-term coking coal price contracts to be signed "anytime now" at over USD 200 per tonne, its managing director told Reuters on Tuesday. Regards A.K.Prabhakar Equity Analyst [email protected] [email protected] * * http://akprabhakar.blogspot.com http://prabhakar-views.blogspot.com *Disclaimer:*** *This represents views based purely on Technical studies. The information and views presented in this report are prepared by A K Prabhakar. The information contained herein is based on my analysis of the Charts and upon sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither A K Prabhakar nor any person connected with him accepts any liability arising from the use of this information and views mentioned in this document. A K Prabhakar and his affiliates may hold long or short positions in the above-mentioned companies from time to time. The report is intended for a restricted audience and I am not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities. * -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
