Inflation is unacceptably high because of a spurt in the global prices of food, fuel and metals. The central bank is ready to take steps to contain inflation after assessing the situation, Reserve Bank of India Governor Yaga Venugopal Reddy said in Mumbai yesterday.
The cabinet yesterday banned the export of non-basmati rice, extended a ban on the export of pulses, which was ending yesterday, for one more year. It also scrapped the import duty on maize from 15 percent under the tariff rate quota.

Indian Premier League started by BCCI against ICL of ZEE group managed to muster the support of the karorepathys of the nation. It is certainly proved to be the financial success of BCCI and its marketing ability.

Obviously,the players are available for money.Earlier ,when the 20/20 world cup held , the big 3 players were not accomodated in the team saying it is for young guns.But ,they are now available for the same format of IPL.

The prices of all stocks are heavily hammered.Analysts feel the pain is still left. The short term target for the nifty will be 4300.Stock markets all over the world are down and so is ours.Only if FIIs come back to invest in India, the markets will see the rise.

Experts say that in this fiscal, food production will go down to 21 lac tons.Edible oil prices have increased by 30%.The demand for edible oils is 1.25 cr tons.We import 50 lac tons even then the price is not under control.
In north India people use mustard oil for cooking.Now it costs Rs.67 ,25% higher than the last year.Ground nut oil costs Rs120 ,30% higher than the last year.Main reason being,Farmers dont produce these crops much.

Trading Signals:
Different signals are used in trending and ranging markets. The most important signals are taken from overbought and oversold levels, divergences and failure swings.

Use trailing buy- and sell-stops to time entry into trades.

Ranging Markets:
Set the Overbought level at 70 and Oversold at 30.

Go long when RSI falls below the 30 level and rises back above it or on a bullish divergence where the first trough is below 30.

Go short when RSI rises above the 70 level and falls back below it or on a bearish divergence where the first peak is above 70.