Intraday call performance 09/07/08

Big day of nuclear signing today

Much awaited nuclear signing will bring in volatility in the market today and all dips should be used to buy until 3850 is saved and nifty above 4000 may directly test 4115 on upper side.All global factors are also positive and only concern is our political situation and if the government comes out with numbers, we are in for a market blast in coming day's.Moreover if the nuclear deal gets through, then all power stocks will be binifitted.Stocks like NTPC, Reliance Energy, Crompten Greeves, HCC, L&T, BHEL are all set to move up with this positive news for them.Crude prices tumbled $5.33 to settle at $136.04 a barrel on the New York Mercantile Exchange, bringing oil's two-day drop to more than $9.The Dow rose 152.25 to 11,383.21.Gold, silver, copper, corn and most other agriculture futures sank as oil fell. A rise in the dollar rose against other major currencies also made commodities less expensive.The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.Overall it's a buy on dips today for indian market.

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