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  • Citigroup Inc. (NYSE:C) - Latest Market Update

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    Thursday August 26, 2010 at 09:40 am EST
    Citigroup Inc. (NYSE:C) Market Update
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    Citigroup Inc. (NYSE:C) has been hired by Oil India recently to Help Advice on acquisitions Abroad as reported by Bloomberg. While earlier yesterday, Citigroup said that it has no plans to sell shares in China and it will support its China business through profits form its south Asian division which is doing good. Citi has been performing well overseas and is expanding now. Reliance Industries Ltd. has also reportedly received US$1bn of term loans from a group of 31 banks which includes Citigroup as a Major Bank.

    Citigroup Inc. (NYSE:C) stock has up at $3.72 on Heavy China expansion News near the support level of $3.74. The support levels below that at $3.43 and $3.19 which are very weak. Resistance levels for Citigroup inc. - $3.85, $3.95 and $4.1. Support Levels - $3.74, $3.46 and $3.19.

    Shares of Citigroup Inc (NYSE:C) have a 1 yr target of $5.5. Citigroup is still the most undervalued stock among Big Financials. It can give good return  in around an year. Last week there was a little setback on News that Settlement with SEC was rejected by Court. Earlier last week, Citigroup was appointed for selling securities by TATA motors group. 

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