ANOTHER POSITVE WEEK FOR MARKET,IF US FEDRAL MEET WILL SUPPORT ON 30.31 OCT

FUNDAMENTALS:
1.Oil hits record above $92 on weak dollar
2.dollar hits record lows on rate cut fears
3.GOLD NYMEX AT 28 YEARS HIGH @785$, [ LIFETIME HIGH IS 850$ ON 21ST JAN 1980]
4.At the last meeting, on September 18, the Fed cut the fed funds rate 50 basis points to 4.75 percent and lowered the discount rate by 50 basis points to 5.25 percent. It was a bigger cut than the market expected, and stock prices rocketed higher with the Dow industrials gaining 2.5 percent.

NOW
could go either way" -- a 25-basis-point cut -- or no cut at all.




TECHNICAL :The MACD has yet to cross so is still sending a bearish signal overall,RESISTANCE:20600.


29TH OCT +++-

30TH OCT +---

31ST OCT ++--

1ST NOV ++++

2ND NOV +++-


AND

5TH NOV ---+


STOCKS:RPL,L&T,PTC,GMR-INFRA,RCOM