Free Banknifty Future Tips 02-07-12 From : www.marketcalls.net

MARKETCALLS‘  VIEW ON BANKNIFTY (INTRADAY)

We wish you To Have A Superb Profitable Trading Day Today !!!

We has seen that on last Friday market opned in big gap up due to EU Summit results, Rupee increase, Manmohan Singh announce some good news. Due to all these banknifty made new high of 10374 and closed at 10346. Today banknifty is having support at 10190 and

Free Nifty Future Tips 02-07-12 From : www.marketcalls.net

MARKETCALLS‘ VIEW ON NIFTY (INTRADAY)

We wish you To Have A Superb Profitable Trading Day Today !!!

Last week we saw after very choppy way F&O expiry ends. On last Friday we saw on even to EU summit our market open in big gap up directly above 5215 level and made new high of 5309. Last week nifty closed at 5297 level. Now nifty is entered in the new zone now today

China’s Manufacturing Growth Weakens As New Orders Drop

China’s manufacturing expanded at the weakest pace in seven months as overseas orders dropped, and South Korea cut its estimate for export growth this year, underscoring risks to Asian economies from Europe’s debt crisis.

The Purchasing Managers’ Index fell to 50.2 in June from 50.4 in May, the Beijing-based National Bureau of Statistics and China

Euro Leaders Turn To Central Bankers For Help To Tackle Crisis

Europe’s political leaders turn to the European Central Bank this week, seeking assistance from monetary policy makers to reinforce gains following euro-area leaders’ moves to calm markets and accelerate the currency bloc’s integration.

The Frankfurt-based ECB may offer help on July 5, with economists expecting an interest rate cut. The bank has a track record of action following political progress, including bond purchases that followed bailout programs and unlimited three- year loans on the heels of pledges supporting fiscal discipline.

European Union leaders ushered in the strongest rally in the single currency

Iran-Oil Sanctions Risk Biggest OPEC Export Loss Since Libya

European Union sanctions on Iran entered into full force yesterday after exemptions on some contracts and insurance ended, boosting crude prices and pressure on the Persian Gulf nation to halt its nuclear- enrichment program.

The reduction in Iranian exports may become the biggest supply

Asian markets trading firm; Nikkei, Straits Times up

At 7: 49 am (IST), Asian markets were trading firm. China’s Shanghai Composite was flat at 2,224.40.

Japan’s Nikkei rose 0.32% or 28.48 points at 9,035.26.

Singapore’s Straits Times was up 0.67% or 19.22 points at 2,897.67.

South Korea’s Seoul Composite was up 0.15% or 2.86 points at 1,856.87.

Taiwan’s Taiwan Weighted was up 0.56% or 40.65 points at 7,336.93.

Hong Kong’s Hang Seng shut today.

(curtsey : money control)

Rupesh Yatesh Dalal
Head Research Department

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Draft GAAR guidelines to help reduce uncertainty: Experts

The draft guidelines on General Anti Avoidance Rules (GAAR) issued last week would bring about clarity in the controversial provisions aimed at checking tax evasion and misuse of tax treaties, industry and experts have said.

“There are 21 examples outlined in the draft guidelines, which do provide some

FIIs take U-turn on Indian mkt: What has changed this week?

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The last fortnight, has seen slew of upgrades of the

India’s April-May fiscal deficit at $25.3 bln

(Reuters) – India’s fiscal deficit during April and May was 1 .42 trillion rupees, or 27 .6 percent of the full fiscal year 2012/13 target, government data showed on Friday.

During the same period in the last fiscal year, the deficit was 3 1.7 p ercent of the