Thursday, May 27, 2010

MARKET OUTLOOK 27th MAY 2010

Crude @71$. US marktets retreat;
new home sales data & durable goods data hits new high.
Financial $ tech drag Dow down.
Asia trading soft with -ve bias.
Base metals in red on profit booking.
$ index@87.12.
Mahindra accquires 55.2% stake in electric car Reva.
Expiry day today;
massive short covering in nifty & stocks;
European indices may influence 2nd half of the day.

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