The results..?

The election results and likely re-grouping will decide the Monday direction but the move so far is in favour of the bulls. The results out come may be negative for a day or two but the markets likely to resume the up-trend as the bottom formation right from the 3080 is good, consolidated at each stage with 200 points gap up to 3510-3530 level. So the panic sell-off on speculative rise can be restricted at 3361-51 level.

Market PULSE check by Stock-O-Meter: The Following scrips covered in my previous posting: The high, low, closings of 15-05-09:

NIFTY 3686.25 3597.85 3671.65
ICICI 579 542 574.70
RIL 1960 1911.65 1950.7
REL INFRA 847.7 808.35 820.20
REL CAP 598.9 575 591.55
ONGC 852.95 802.35 813.15
AXIS BANK 680 644.70 659.60
DLF 264.90 251.60 258.05
I may be right or wrong, You may like it or not but “No argument with the ticker-NEVER”