Posts

Showing posts from August 2, 2011

All you want to know about the US debt deal

Image
After weeks of political brinkmanship, the Democrats and the Republicans agreed to a compromise deal late Sunday evening to raise the US debt ceiling from the current $14.3 trillion by about $2.4 trillion and simultaneously cut spending by an equivalent amount. The US had breached the borrowing limit on May 16, and if Congress did not raise it further by August 2, the country would have run out of money to pay interest and principal on Treasury bonds-an unprecedented event in American history-as well as for other expenses such as social security and medicare benefits. The US federal law requires Congress to authorise any increase in borrowing to spend on approved programmes.   Here is what the deal is all about: Debt ceiling: To be raised by up to $2.4 trillion in three stages, enough to enable the government to function till 2012 end; $400 billion right away, another $500 billion later this year, subject to vote of disapproval; and a third increase of $1.5 trilli
Image
NF (5529) - All Levels remain same :   Last hope and support 5500-5480   (Already last Three days hold this support level)   Upside Resistance 5550 and above that Face Hurdle at 5650-5670   But below 5500-5480, shortly take it down to 5304-5294   in between support at 5425  

Everonn Education

Image
EVERONN (566) - Hurdle 576-596 But above that ultimate upside target 680_700

Jubilant Foodworks

Image
JUBLFOOD (892) - Support 886-870 above this upside target 925-945 & 995 Top out at 1030-1050

Muthoot Finance

Image
MUTHOOTFIN (191) - Support 185-180 above this upside target 216-220

Ranbaxy Laboratories

Image
RANBAXY (561) -  If trade and stays above 560 upmove continue to 580 & 596

Raymond

Image
RAYMOND (370) - As posted on 11th july It crossed and closed above the hurdle 387-397 on thrid week of july but unable move beyond 409 and from there correction started and yesterday it reached the mentioned down target 366. now if not take support at 360 down move continue to 345-340

Reliance Capital

Image
RELCAPITAL (553) - Posted on 13th July "Hurdle 605-615, for this down target 560-550" As posted it hurdled at 605-615 level not one time but three times and made high 613 & 609 from there yesterday it attakced the mentioned target of 550. now if trade below 550 as posted on 13th july,  last hope and support 538-533.

Shriram Transport Finance Company

Image
SRTRANSFIN (628) - Below 650 down target 590_570

Jindal South West Holdings

Image
JINDALSWHL (746) - Last hope and support 710-700 But below that, take it down to 465-445

Wockhardt

Image
WOCKPHARMA (465) - Now support 460-440 . Above this upside target 530_560

JSW Steel

Image
JSWSTEEL (695) - Posted on 12th July "below 821 down target 730" whereas yesterday it even broke 730 and came down to 671 also. Now what next ? Last hope and support 650-640 But below that fall continue to 487-477.