IIP Data July 2010-Chears to Indian Equity Traders !

1.IIP Data expanded 13.76% in July 2010, compared to 5.76% growth in June, beating the Street’s expectation of 7-8%.
2.Inflation rasies to 9.97% in July.
3.Manufacturing, which generates exployments has been doing well, Grown by 15%.
4.Capital Goods contributed mostly to this Growth in July.All Inventories have used.
5.RBI may rise Rates again to tame the Inflations.Creatit growth is yet to Pick-Up.
6.We are on the Track to achieve the 8.5% Growth Rate.


The Author is Senior Chartist of M/S Durgapur Holdings( www.niftynext.blogspot.com). She may be contacted at niftynext@gmail.comOr + 91 880 2230 836.