IIP numbers - 9th Aug 2012
Note - Pulled down by contraction in the capital goods and mining sectors, industrial production recorded a dismal growth of 2.4 percent in May - slightly better than (-)0.9 percent in April. I feel any number greater than 2.4 will spark a minor rally at this point.
Any number below this will make market move lower. Again, this is my opinion. My advice - trade cautiously with strict stop losses.
Note - Pulled down by contraction in the capital goods and mining sectors, industrial production recorded a dismal growth of 2.4 percent in May - slightly better than (-)0.9 percent in April. I feel any number greater than 2.4 will spark a minor rally at this point.
Any number below this will make market move lower. Again, this is my opinion. My advice - trade cautiously with strict stop losses.
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