After the OPEC announcement on not to increase the oil production, crude oil prices have gone up and Global economic recovery remains a big question mark ???
Indian economy overview for June 11
Indian economy overview for June 11
- Diesel Price Hike V/S Inflation rise also Rs 3-4 per liter in diesel prices and Rs 30 increase in LPG is expected to happen soon. (Meeting was to be held on 09-06-2011 )
- Monsoon Assumption Unclear
- Banking sector interest rates are up
- URO Zone Problem
- Food inflation shot up to 8.55% for the week ended May 14, the highest level in four weeks
Overall in Short for June 2011; I still expect more downside may be upto 5304 or 5180 till 5626 is not broken on closing basis. 5360 should be target till 16th June 2011 and act as a support
No comments:
Post a Comment