Tuesday, March 6, 2012

Intraday update

Congress did not get a chance to participate in making UP government because SP won convincingly. This sends ripples in market showing weakness in center. Now if budget provide any positive clue then ok, else market is set to move down till 5000. Please note some point
  • Petrol prices set to rise
  • Infletion will again showing upmove
  • RBI may halt easing monetoring policy
  • Again market will come down or consolidate with negetive bias
  • Rupee showing weakness against dollar (closing above 50.00)
These points will force to FII pulling their money from system till budget

No comments:

Post a Comment