IIP Glooms

That was really a fantastic moment when IIP data was released. Even in this terrible time of financial melt down, our country was able to fetch something. 7.8% finer than expected. More over consumer durable goods jumped to 15%, which had not happened for the past two years.




Some positive anticipation on FED announcement on Housing taking US market higher at this point. If the high's are held then we may expect this positive momentum to continue on our markets.

Crossing 4508 in spot may take our markets to 4572 and 4619 levels.