*Technically Speaking - Technical Outlook For 7/5/09* *From **www.investmentguruindia.com* <http://www.investmentguruindia.com/>
*Technically Speaking - For 7/5/09* After the pause on Tuesday market gave a mild correction on Wednesday day. After making an intra day high of 3716 (which was also the highest point since Oct’08) Spot Nifty gave up most of its gain in the second half of the trading session, finally Spot Nifty closed at 3625.05 losing 37.85 points or 1.01%. Across the board profit booking was noticed barring few power stocks. BSE Sensex closed at 11952.75 down by 178.33 points or 1.47%. The volume was bit lower than the previous few trading sessions and the breadth of the market was negative. Technically speaking in the Spot Nifty daily candle stick chart an inverted hammer formation has emerged which depicts bit bearishness. Yesterday after making new high (at Spot Nifty 3716) since Oct’08, the way market has come down shows some selling pressure at the higher level. Yesterday Spot Nifty has closed just on its minor trend line support which is around 3600. Read Complete Report<http://investmentguruindia.com/Home_GSDetails.aspx?GSID=409&PageID=1> *India's economy -- on the road to recovery? * India's economy, which has been hit harder than expected by the global recession, may be on the path to recovery, some recent data suggests. Asia's third-largest economy is expected to have grown less than 7 percent in 2008/09, sharply lower than the expansion of 9 percent or in each of the previous three fiscal years, and is poised to expand at the same pace in the fiscal year ending March 2010. Some analysts say the robust growth in steel and cement sales as well as in manufacturing in recent months showed the worst maybe over for the economy. Read Complete Report<http://investmentguruindia.com/HomeTS_Details.aspx?ID=436&PageID=1> *Global equities are in a bear market rally - Roubini* Rallying global stock markets will likely reverse trend later this year when weak earnings and economic news surprise investors, Nouriel Roubini, a well-known economist who predicted the credit crisis, said on Wednesday. "This is still a bear market rally," Roubini told a financial seminar. Roubini is chairman of independent economic research firm RGE Monitor and professor of economics at the Stern School of Business at New York University. Read Report<http://investmentguruindia.com/Stock_GSDetails.aspx?GSID=398&PageID=2> *Broking Firm Views For 6/5/09: *Trading Calls; Derivative Strategy; Pair Trading Strategy; Buy; Sell & More Read Report<http://www.investmentguruindia.com/FO_Details.aspx> *Other **Articles* BSE Sensex falls 1.5 pct; U.S. stress test eyed Read Report<http://investmentguruindia.com/HomeTS_Details.aspx?ID=440&PageID=1> Tata Housing to build low-cost housing near Mumbai Read Report<http://investmentguruindia.com/StockTS_Details.aspx?ID=439&PageID=2> Tata Group raises $125 mln in block trade of TCS Read Report<http://investmentguruindia.com/StockTS_Details.aspx?ID=438&PageID=2> GE Shipping to see weak rates, slowdown hit profit Read Report<http://investmentguruindia.com/StockTS_Details.aspx?ID=437&PageID=2> Holcim sees tough 2009, misses forecasts Read Report<http://investmentguruindia.com/StockTS_Details.aspx?ID=435&PageID=2> Solar good long-term investment bet - strategist Read Report<http://investmentguruindia.com/Home_GSDetails.aspx?GSID=408&PageID=1> POLL - Inflation seen at 0.65 pct on Apr 25 Read Report<http://investmentguruindia.com/Home_GSDetails.aspx?GSID=407&PageID=1> ANALYSIS - Is company cost-cutting company throat-slitting? Read Report<http://investmentguruindia.com/Stock_GSDetails.aspx?GSID=404&PageID=2> Mutual funds back in action as stocks surge Read Report<http://investmentguruindia.com/MF_GSDetails.aspx?GSID=406&PageID=3> Stocks tumble, yen rises on Bank of America Read Report<http://investmentguruindia.com/WMTS_Details.aspx?ID=431&PageID=8> EXCLUSIVE - Most in U.S. think economy still in trouble - survey Read Report<http://investmentguruindia.com/WM_GSDetails.aspx?GSID=395&PageID=8> Citi may need $5-$10 bln in new capital - NY Times Read Report<http://investmentguruindia.com/WM_GSDetails.aspx?GSID=399&PageID=8> ** For Free Expert Advice, Latest News, Updates, Analysis, Technical Check, Fundamental Check & Many More Things Visit www.investmentguruindia.com ** *Disclaimer*: While we have made efforts to ensure the accuracy of our content (consisting of articles and information), neither this website nor the author shall be held responsible for any losses/ incidents suffered by people accessing, using or is supplied with the content. 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