Monday, February 7, 2011

NIFTY NEXT- Will India Grow in FY 2011 ?


Big Yes ! Our Equity Research Team Just Analyzed the  Indian Economy Growth Data For FY 2011Published by GOI today 07 Feb 2011 & Nifty was trading at 5416 that Time.
Economy will by +8.6% in FY 2011.
Agriculture Sector will grow by 5.4%
Construction Sector will Grow by +8%.
Finance, Insurance & Real Estate sector will grow by +4.4%.
 Steel Consumption will grow by +8.8%.
Cement Production will also grow by +4.4%.
Electricity sector will grow by +5.1%.
Mining Sector will grow by +6.2%.
Trade, Transport & Hotel sector will grow by +11%.
Manufacturing sector will grow by + 8.8%.
Service Sector will grow by +11%
All the Data shows a Growing India Ahead. Nifty may find Strong Support @ 5400.Buying Blue Chips at this level is advisable. Hotel Sector is looking promising.
The Author is Founder Member & Sr.Technical Analyst  at M/S Durgapur Holdings.
Source: www.niftynext.com (Trading without Technicals  is Trading without Direction)

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