Dow inally managed to close at higher point after a very volitile session.Dow surged in late trading on the news that U S treasury department is planing to lower the mortgage interest rate to as low as 4.5%.The mortgage association of united states of america also find that there was huge increase in application for the new mortgages in month of november.There is also some bad news that RIM decreases its outlook of Black berry for the next year, and ADP reported 250000 lay off in private sector in month of november.
India likely to open and trade at positive territory.Some announcement from the part of RBI and Government are expects.For nifty intraday resistence and support please see the sidebar.
