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As the Senate has failed back to push the February 28 deadline for the extended unemployment benefits, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy for that matter. Federal unemployment benefits came into picture after the basic state-funded 26 weeks of coverage expired.

It was during the recessionary blues that the Congress had approved up to an additional 73 weeks, which it funds. These aforementioned federal benefit weeks are divided into tiers, and the jobless must apply each time they move into a new tier.

With the Delta Northwest merger finally reaching completion, Aviation analysts are of the view that more such mergers are inevitable in the global aviation industry. Market experts are supporting the fact that the sky is nothing but crowded with too many players operating in the industry which makes the chances of another merger all the more bright.

Coming down heavily on the absconders in the Haris Steel Mills fraud case, Chief Justice of Supreme Court Iftikhar Mohammad Chaudhary has issued arrest warrants of Sheikh Nisar directing authorities concerned to nab him for reinstating faith of the people in judiciary and to curb the money looters. It should be recalled that Sheikh Nisar is a prime accused in the Rs 9 billion Bank of Punjab (BoP) scam case.

Nifty went past resistance level of 4930-4950 but could not sustain above those levels.Nifty is likely to consolidate here before making an upmove .Top made on Friday at 4992
happens to be a key resistance level as it forms the 50 % retracement of the down fall from 5310 to 4673.Above this we may test 5068 which forms the 61.8% retracement level.Till
now traders can take long positions with stop loss at 4829 .If Nifty closes below this level we may test 200(DMA ) around 4750 and then 4673-4550.

Stock of the Week:

HINDALCO
Closing price: 162.45
Recommendation: Buy on dips
Target: 180
Stop Loss: closing below 151.90

According to the new research done by the scientists of Lawrence Livermore National Laboratory on comet Wild 2, the inner solar system material had been shipped to the comet-forming territory, at least 1.7 million years back, after the oldest solar system solids formation started its take, which is considered for calculating the age of cometary material from a known comet.

A discovery in the medical world has revealed that the people suffering from long term low back pain can now get rid of it.

The treatment for the ailment is known as cognitive behavior therapy, CBT which provides lasting improvements to the people, according to a new research and finding.

However it sounds a bit awry that talking therapy can cure the back pain, but according to the researchers the learning to compromise with the pain can turn out improvements.

In the new technological world where human beings stress themselves, more than the body can take, Back pain has become quite common.