Friday, October 10, 2014

Pipavav Defence and Offshore Engineering Company Limited hit the buyer freeze in the mid-afternoon trade. ICICI Bank has given a target of Rs.80, for the scrip in its August, 2014 report. 
Nifty today tanked more than 100 points due to global cues and also as August IIP disappointed. Meanwhile, the FIIs have turned bearish, according to the Economic Times. Yesterday following was sent to the Premium Group members: The inability of the bulls to hold above 8000 mark attracted selling in market and  Nifty closed below 7900 for the first time (couple of days back), in the last two months period. This is a sign of weakness. I hope those Paid Members who shorted the Nifty yesterday made money today. As long as India does not have a good Prime Minister and  Finance Minister this would continue to happen. Narendra Modi, till now have proved to be utter failure. His government has been copying the policies of the UPA government--some of which they criticized during their time. Narenda Modi, should leave the centre and go to Gujarat once again. 
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