Tuesday, February 1, 2011

NIFTY DIRECTION

I believe Feb. 08, 2011 will be the crucial date.

A meeting has been fixed between Govt. and Opposition to discuss the upcoming Budget session. Result of this meeting will decide the future course of the Markets.

If Govt. refuses to accept the Oppn. demand for JPC and opposition decides to continue with the blockade of the Parliamentary session. Stability / continuation of this Govt. will in question and we can see sharp fall.

Govt blinks and accepts the demand for JPC we can see an upmove from here onwards. 



Happy trading !
RainMaker

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