The markets may be volatile but they will stabilize as the swing is in favour of UPA. The markets will feel the nervous movements as the d-day has approached. The trust and mistrust are the core contents of the drama in Delhi. The leaders are claiming and blaming the other parties’ abilities and crippledness in handling various issues. Any way the time has come to unfold the curtains of suspense over the survival of the Govt. in power and the fate of the N-deal.
The Nifty could gain about 320 points in 3 trading days is a good sign in these difficult periods. So it is very likely that the Nifty could face selling pressure at higher levels. The corporate results are so far good and we can expect better results for this quarter. The real challenge is to manage the next two quarter with this kind of performance. The Nifty made a high of 4169 on 9th and closed at the same level at 4159 but the low is above 2%.
The banking sector made a decent come back in the rally that focused on SBI, ICICI and Bank India. The other bank like Axis bank, Union Bank and Kotak bank covered their earlier loses.
The Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, July 22, 2008
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