rrenji,
Yes, this is possible for short period but overall no positive signal is not visible in the market internally and globally. Market will have some direction in July09 after 1stQFY09/10 results or some positive steps from government/RBI can still lift sentiments. The fact of the matter is that big players are waiting for the markets to go down to below 2500 levels when the buying may starts once again.
but with inflation @ 4 we can expect a rate cut.. but ny ways can expect some profit booking next week as we heading towards expiry.. likely to take it above 10k.. but last few sessions financials r beaten dwn so much, so it`ll show some recovery..
challange for the new govt will be fisical deficit.....no moeny with them for positive steps...should they start 5% economy jitters surcharge on IT and customs excise to recover some money?
| NIFTY 
