Seems like the stage is getting set up for a gap up opening
ekamber
----- Original Message -----From: kk sSent: Friday, February 12, 2010 1:45 PMSubject: [sharetrading] IIP NOS market reaction
The industrial output rose at a faster-than-expected 16.8 per cent in December from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Friday.
The median forecast in a Reuters poll was for an annual rise of 12 per cent.
Manufacturing production rose 18.5 per cent in December from a decline of 0.6 per cent a year earlier.
The November industrial output was revised up to 11.8 per cent from 11.7 per cent.
Industrial output rose 2.6 per cent in the 2008/09 fiscal year (April-March), slower than 8.5 per cent in 2007/08 as the global economic downturn hit Asia's third-largest economy.
What will be the the reaction on monday?????
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Happy Trading,
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Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!
Happy Trading,
United we grow!!!
.
__,_._,___
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