1st December,2011
Global markets rallied after the Federal Reserve and five other central banks together moved to ease the flow of funds to banks hit by Europe’s debt crisis, and China cut the level of cash that banks have to set aside as reserves.
The Federal Reserve and the central banks of the euro area, Canada, the U.K., Japan and Switzerland agreed to reduce the cost of offering dollar financing through swap arrangements.
Hopefully, tomorrow Indian markets will open with a gap.
Nifty resistance : 4920/5070
Nifty support : 4715/4660
Banking and Infra/Realty stocks will zoom.
Global markets rallied after the Federal Reserve and five other central banks together moved to ease the flow of funds to banks hit by Europe’s debt crisis, and China cut the level of cash that banks have to set aside as reserves.
The Federal Reserve and the central banks of the euro area, Canada, the U.K., Japan and Switzerland agreed to reduce the cost of offering dollar financing through swap arrangements.
Hopefully, tomorrow Indian markets will open with a gap.
Nifty resistance : 4920/5070
Nifty support : 4715/4660
Banking and Infra/Realty stocks will zoom.
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