The day is here finally accompanied by hectic analysis on what India needs from the FM, and what would eventually come out.
What is needed is mostly all obvious but what is given gets influenced by the give some-take some requirements of the political balance-pole.
And give some-take some is what its going to be most likely.
Agri, infra, banking, health, expo, textile, gas, petroleum, tourism, power, cement, these are the obvious ones set to flare.
A good day for quick-wits, and a possible trap if not alert.
As the FM reads his fiscal text in Parliament, there is a good chance of profit booking by those who accumulated a lot of the related stocks which have been doing well lately. On the other hand, some will continue to progress for further buying pressure.
The major concern the markets would keenly follow is of course the issue of capital gains and transaction taxes. A lot is being held here and this, amongst others, is where the Left allies would bay for blood. Its not going to be easy to balance this one. An insignificant change or a status quo is a likely outcome, but then those who are overtly optimistic on this may find this as a negative.
Any knee-jerks on account of disappointments may well get equaled out from certain other doles, and the other way round of course, so there is no call for a major swing in either direction. That will come later, perhaps later this week.
Sound trading systems and risk management have never been so vital for survival.
In an over heated condition, how the conflict levels posted every morning pan out would be interesting to see.
3066-3070-3074, this is the vital line to hold above.
Then 3077-3080-3083-3086.
Beyond this 3089-3092 should hold the key.
Supports are 3063/64-3061-3056/58-3053-3048-3046-3043-3040-3037.
3031-3028 seem like strong base.
What is needed is mostly all obvious but what is given gets influenced by the give some-take some requirements of the political balance-pole.
And give some-take some is what its going to be most likely.
Agri, infra, banking, health, expo, textile, gas, petroleum, tourism, power, cement, these are the obvious ones set to flare.
A good day for quick-wits, and a possible trap if not alert.
As the FM reads his fiscal text in Parliament, there is a good chance of profit booking by those who accumulated a lot of the related stocks which have been doing well lately. On the other hand, some will continue to progress for further buying pressure.
The major concern the markets would keenly follow is of course the issue of capital gains and transaction taxes. A lot is being held here and this, amongst others, is where the Left allies would bay for blood. Its not going to be easy to balance this one. An insignificant change or a status quo is a likely outcome, but then those who are overtly optimistic on this may find this as a negative.
Any knee-jerks on account of disappointments may well get equaled out from certain other doles, and the other way round of course, so there is no call for a major swing in either direction. That will come later, perhaps later this week.
Sound trading systems and risk management have never been so vital for survival.
In an over heated condition, how the conflict levels posted every morning pan out would be interesting to see.
3066-3070-3074, this is the vital line to hold above.
Then 3077-3080-3083-3086.
Beyond this 3089-3092 should hold the key.
Supports are 3063/64-3061-3056/58-3053-3048-3046-3043-3040-3037.
3031-3028 seem like strong base.
