12 June 2012

Vivek Patil Weekly Technical Analysis: Week of 11th June 2012 -ICICI Sec PDF link




  • Sensex bounces 5% from the 80% retracement level to Dec-Feb rally.
  • India Inc's revenue growth slowest in over 2 years.
  • US job growth less than most pessimistic forecast.
  • Crisil lowers FY13 GDP growth forecast to 6.5%.
  • Monsoon arrives in India.
  • Services PMI rises to 3-month high.
  • Market awaits RBI policy to be announced of 18th Jun, expects rate cut.
  • PM promises big push to core projects to move towards 9% growth.
  • After 4 years, China cuts interest rate to fight slowdown.


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