Unexpected Win, Which Market Has Sense Yesterday itself !!!!
Comfortably UPA will get majority in Parliament, and Dr. Singh will be becoming PM for second term. Most of the Key portfolios will get reshuffle within the congress and its allies. So this all will affect market sentiment in shorter duration and it seems market will react positively. Coming Week look good for market where we can expect 10%-15% rally and NIFTY can touch to 3800 (might be on Monday itself) and gradually it can go up to 4150. Traders who are long can stay long and Stop Loss will be revealed on Monday, but some how market get week (which doesn’t seem as of now) then Bulls can keep SL of 3520. A/D, Volume & Other Techinacal indicators + Sentiments as of now favors bulls.
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Market May '09 - Week 3
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