The alliances & offers .........

The market reaction to the much awaited NSG waiver has to be seen in the bourses. The companies are gearing themselves to make use of the opportunity to form alliances to access the technology and EPC expertise that is bundled not only at the national level but also in the international front.

The Bush Govt. has to sign the deal with out much discussion and delay so that the efforts made are fully rewarded. The foreign companies may come forward to form alliances with the front line infra companies in the next 6 months. The fruits of these efforts can be enjoyed only after 2010, a gestation period that is required to start new projects as the land problems are already existed and may wide spread to oppose to this inherent radio active danger involved.

The top power and infra companies can sleep on their huge investments & executable back log orders. The huge capital requirements to implement these projects, financing modalities and profitability of these works shall not be questioned at this our. The local political parties may wait and watch the actual details of the project made public but the markets may react positively.

The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.

The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.