Asia trading soft and mixed on early trade. $ index @ 85.82. Crude @70$.
Germany approved EU's 1Trn$ package to Greece. US SEC meeting today. Nifty may move northward with the support from 200 DMA. ICICI bank-BOR swap ratioat 1:4.72.
Ambani Brothers prepares to embrace new MOU.
In a nutsell- Mkt still looking (+ve), since it has a strong support @ 200 DMA, monsoon is expected to be normal, Huge Rice productivity will lead to Food Inflation get soften. And the only concern is that of China, which we have to believe that they will manage to recover.
Rohit Pasari Prabhudas Lilladher PMS
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