No doubt Govt. survived……

The UPA govt. made its mark in the annals of history by many events and the best for markets is that it “sir, vivid”.
The dramatic movements of Parliament can fill the “News” for the media but cast dark shadow on the “Democracy” that was dragged on the floor of Parliament by many senior great parliamentarians.
The companies will rejoice with the deals that open new doors of businesses from the N-deal and the profits that fatten the bottom lines of these companies.
The Nifty is strong at 4070 level, unless the level is distinctly breached with a serious reason; it became a good support for short term.
The Nifty may become weak if it trades below 4180 level and the RIL shall trade below 2050 level. The immediate concern is that the Nifty made its journey from 3800 to 4263 in just 5 trading sessions that to many political challenges ahead of it.

Dt: 17-07-2008 evening posted………..As we expected, Nifty could cross the 3940 level in morning and could stay through out the day and closed above the crucial closing of 3943 level as expected in the morning posting……
Dt: 17-07-2008 night posted…… the Nifty has crossed the minor resistance while facing the non-stop selling spree. Though it looks too early to conclude but as things stand out today on the face of it looks that Nifty made a reasonable support at 3800 level and will advance upto 4380-4550. The possible hurdle could be the failure of the Govt. to secure the trust vote and you know the result….