Wednesday, May 5, 2010

Market Report for 5th May 2010

U.S. equities tumbled the most since February, prompting declines in Australia and New Zealand stocks, while the euro slid to a one-year low on concern Europe’s government debt crisis is spreading.

Spain - The NEXT Greece ???

Spanish Prime Minister Jose Luis Rodriguez Zapatero said speculation of a bailout for Spain is “complete madness” and the nation has “strong solvency.”


Indian Markets:- Our markets are expected to open lower and it is better to avoid long positions.

Write 5300 and 5200 calls.