Economic reports released ahead of the long holiday weekend show strength is returning to the U.S. manufacturing sector and new claims for jobless benefits retreating to pre-Lehman levels.
Durable goods orders rose slightly less than expected in November but were up
2.9% when stripped of volatile numbers from the commercial aircraft and
defense sectors.
Dow Jones heading to new levels and this is a very +ve sign for nifty in coming days as well.
A major hurdle at 10570 is expected, and if crossed then we will see 10800-10850 by next week.
Nifty could cross 5200 levels by next week as well, provided Dow jones continues to hold its rally.
Thursday, December 24, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment