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Great NEWS :IMF to provide give €10 Billion to Greece

The International Monetary Fund is looking at raising its share of Greece’s financial rescue package by €10bn ($13.2bn) amid fears that the planned €45bn bail-out will fail to prevent the country’s debt crisis from spiralling out of control.

Senior bankers and officials in Washington and Athens told the Financial Times that the IMF was in talks to increase its aid contribution by €10bn. The fund could make that sum available under a planned three-year loan, according to an Athens-based analyst familiar with the talks.

Investors and policy specialists said that expectations of the size of the three-year package in Washington policy circles had increased to at least €70bn. The EU has so far proposed to provide €30bn and the IMF €15bn. “The fund’s current ceiling for Greece is €25bn and the release of the extra amount is under discussion,” the analyst said. The IMF declined to comment on the size of the package.

Dear Readers & Traders ,We are again first in India to give this NEWS.And in afternoon or late by evening once this NEWS will be out.Then watch huge short covering across the Globe.

Technically Yours

ASR Team

Baroda ,India

Finally, today is the 22nd anniversary of Black Monday

22ND-Anniversary
COMPLETE ORIGINAL NEWSPAPER, the NY Times dated Oct 20, 1987. (My personal Collection )
 

Front page headline: “STOCKS PLUNGE 508 POINTS, A Drop of 22.6 %; 604 Million Volume Nearly Doubles Record.”  This is the iconic NY Times with banner headline news coverage of the 1987 Stock Market Crash, known as the Black Monday Crash !! There is a prominent front page chart of the Dow Jones Industrial Average from 1982 through 1987, showing the precipitous drop on Oct 19, 1987 !! (more…)

Strong Economy ,Strong Fundamentals -Still Nifty Future in 5th Position

Dear Traders & Readers ,Just after looking at Global Indicies Monthly chart ,I had seen 20 Indices.

-From recent low of 21/10/2008 or 21st March/2009 just see performance of Indices.

-First five Indices in % gain are :Russia RTSE ,Argentina ,Srilanka ,Brazil ,Nifty Future

-Just see the table and think it over :Why Blue Channel Jokers ,Analysts ,Our Economists and Politicians are doing every day about Indian Economy that its  growing and will grow at 8% ,9% or double figure.

-Every Fund Manager saying/writing :Indian Economy growing and very Bullish.

-Every Mutual Fund (Domestic ) Bullish and says money will only flow in India.

Just see with your naked eyes and see performance of Indice like :Karachi is up by 122%.

   Country Index           

                   LOW

        31/10/2008

             LOW

        31/03/2009               

         High- April’10            Point Gain           % Gain   
Argentina81924981679205 %
AUSTRALIA36934991129835%
AUSTRAI137927671388100%
BRAZIL-Bovespa294357198942554144%
CAC24654065160065%
CANADA 7479 12211 4732 63%
 CHILE 2017 3869 1852 92%
 DAX 3588 6265 2677 75%
 DOW 6469 11001 4532 70%
 FTSE 34605790 2330 68%
 HANG SENG 10676 22249 11573 108%
 KARACHI 4781 10628 5847 122%
 MEXICO 16480 33841 17361 105%
 NASDAQ Composite 1265 2454 1189 93%
 NIFTY FUTURE 2228 5398 3170 142%
 NIKKEI 6994 11408 4414 63%
 RUSSIA RTSI 492 1642 1150 234%
 S&P 500 666 1195 529 79%
 SHANGHAI 1664 3177 1513 91%
 SRILANKA 1476 3952 2476 168%

After looking at table it looks that “Trend across the Globe ” is up since Oct’09 or March’10.

-So Fundamentals/Economy/Growth factors are of No Value.

-Percentage wise all Global Indices had spurted ,So dont ever think only India is moving up or Indian Economy is strong.

Updated at 13:25/11th April/Baroda

Gold -Crude :Update

GOLD-BARS

After Hitting all time High of $ 1227 .50 it crashed to 1075 level and rallied upto 1163.There after nonstop slide upto 1044 was there.

-Just see Daily chart and Look at Head & Shoulder Formation.

-Already broken Neckline and retraced upto Neckline.

Revival should be considered as Best opportunity to exit only.

-I will write about Head & Shoulder target in next 2-3 days.

Now ,What to expect from $1076 level ?

-Thirsty Traders ,Just watch $ 1084-1089 level very closely.Once crosses $1089 and closes above this level will take to $1104-1109 level.

-Nearest support $ 1063,break will create fresh selling.

To know MCX levels of GOLD ,Silver /Base Metals join us.

oil-on-scale

MCX Traders ,Can watch these levels for Crude Oil

3512-3532.

Once crosses then will zoom to kiss 3592-3612 level.

For timebeing worst is over for Crude.Will give more Details to our Subscribers.

Updated at 7:22/11th Feb/Baroda

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