* * *Sponge iron prices crash,Nifty technical updates-
www.Niftyviews.com<http://niftyviews.blogspot.com/2010/05/nifty-eod-chart-05-may-2-010-powered-by.html>
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*<http://1.bp.blogspot.com/_8LnBdQG2Sjs/S-F6B_0qP3I/AAAAAAAABY0/qxlkpUAxQZs/s1600/NIFTY_01.png>

<http://1.bp.blogspot.com/_8LnBdQG2Sjs/S-F6HLm5DOI/AAAAAAAABY8/yEdibomzax0/s1600/NIFTY_02.png>
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*Nifty EOD Chart 06 MAY 2010
Powered by : http://www.niftyviews.com/

SPONGEIRON 1 MT RAIPUR 17500.00 May 5 2010 12:08PM
SPONGEIRON 1 MT RAIPUR 17450.00 May 4 2010 12:01PM
SPONGEIRON 1 MT RAIPUR 17315.00 May 3 2010 12:16PM
SPONGEIRON 1 MT RAIPUR 17490.00 Apr 30 2010 12:03PM
SPONGEIRON 1 MT RAIPUR 18100.00 Apr 29 2010 12:06PM
SPONGEIRON 1 MT RAIPUR 18025.00 Apr 28 2010 12:18PM
SPONGEIRON 1 MT RAIPUR 18410.00 Apr 27 2010 12:14PM
SPONGEIRON 1 MT RAIPUR 19130.00 Apr 26 2010 12:18PM
SPONGEIRON 1 MT RAIPUR 20250.00 Apr 24 2010 11:23AM
SPONGEIRON 1 MT RAIPUR 20250.00 Apr 23 2010 12:13PM
SPONGEIRON 1 MT RAIPUR 20295.00 Apr 22 2010 11:57AM
SPONGEIRON 1 MT RAIPUR 20340.00 Apr 21 2010 12:17PM
SPONGEIRON 1 MT RAIPUR 20650.00 Apr 20 2010 11:53AM
SPONGEIRON 1 MT RAIPUR 21065.00 Apr 19 2010 11:57AM
SPONGEIRON 1 MT RAIPUR 21310.00 Apr 17 2010 12:32PM

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   - *The above data shows how Sponge Iron prices have fallen in last few
   days in domestic markets. From a high of 21310 attained on April 17th 2010,
   Sponge iron has fallen to 17500 in a fortnight.The fall of 17% from recent
   highs will have an impact on the June quarter of most of these steel
   companies.
   *
   - *Expect a Volatile session ahead.Yesterday Nifty bounced from 5057
   levels. Henceforth any break of 5049 will lead to further weakness in
   Nifty.Yesterdays Sell figures from FII,s at 1589 crores is the highest in
   last two months.
   *
   - *As per a Bloomberg report Portugal may have its credit rating cut by
   Moody’s Investors Service as the country struggles to reduce its budget
   deficit. Greece’s P........................*

 *FOR ENTIRE ANALYSIS VISIT http://www.niftyviews.com/

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