the political environment is too uncertain right now.
It is kind of tough to predict where markets will move. Seems politics will rule the markets in the coming days...
who knows at night BSP and SP say that we'll support government
then u will see a GAP UP!:lol:
I saw that they have increased LPG cylinders from 6 to 9 to congress ruled governments.
So now if they announce partial rollback in diesel price, I think market should react to it negatively.
At present SGX NIFTY is trading @5537, might be an indication for GAP DOWN.
Also Mulayam Singh said the decision to support UPA will be taken on Thursday after their party meeting so it can not be before market opens on Thursday