Monday, March 16, 2009

NIFTY (2719) SUP 2675 RES 2764

Asian stocks are up led by financial companies and automakers. With lack of triggers, positive or negative, the main indices will be at the mercy of global cues especially from the US. This week, investors will await the outcome of Federal Reserve’s two-day policy meeting starting Tuesday. No rate cut is expected but the tone of the Fed will be watched very closely.

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