5/2/2015 stocks news

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Though it is early days, initial indications are that the worrisome El Niño weather phenomenon could remain ‘neutral’ during India’s next southwest monsoon. This means a better chance of a normal monsoon in 2015.

The Australian Weather Bureau's latest forecast is that international models surveyed by it indicate tropical Pacific sea surface temperatures (a critical indicator of El Niño) are likely to be within the neutral range for at least the next three months.  This is a big positive for India, as data for 1880 to 2005,  compiled by private weather forecaster Skymet, show 90 per cent of all evolving El Niño years have led to below-normal rainfall, with 65 per cent of these resulting in drought. In the past decade, 2002, 2004 and 2009 were drought years due to El Niño emergence.

The four-month southwest monsoon season begins from June and provides almost 70 per cent of the country's total annual rain. They are crucial for growth of the kharif crops, planted during the season, and for the moisture to the soil for the following rabi season.

The European Central Bank has revoked a waiver that allowed banks to use Greek government debt as collateral for loans.

The ECB, in a statement late Wednesday, said it was no longer able to assume there would be a successful conclusion to the Greek government's bailout talks with its lenders.

The ECB said the suspension was in line with existing Eurosystem rules, but emphasized that the news has no impact on the counterparty status of Greek financial institutions.

This decision is expected to put more pressure on the new Greek government to come to a deal on the country's bailout program

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What To Do Today..........

 

Our Opininon for Today's Market.......

1.Market Looks Volatile.....

1.Some Insider Say NIfTy go up to 6200

What To Do Today........

Nifty....Today Face Resistance at......8888..8935..8995

Nifty.....Today Support at ..8745...8710...8655

Nifty Range...7200--------9200

TRACK ME RESEARCH......

NEXT TGT FOR

Our Opinion for Today's Market.......

1.Stock Specific Movement Expected Today ......

2. Mid-caps Looks Good....

INTRADAY HOT STOCKS: 5/2/2015

buy ongc sl 340 tgt 360/365+ 

buy petronet sl 181 tgt 189/194

buy idfc sl 170 tgt 180/185+

sell mnmfin sl 258 tgt 249/245buy ab 260

buy jindal sl 152 tgt 170+

buy dlf sl 162 tgt 180+

 

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MARKSANS PHARMA

(Bse Ticker-524404@ Rs.18.80)

 

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