Wait and watch - Elections! protect yourself

Nifty (5085) Sup 5014 Res 5142

Buy Sintex Ind (370) SL 365 Target 380, 382

Buy HCL Tech (308) SL 303
Target 315, 318

Sell IDFC (147) SL 151
Target 140, 139

Sell Crompton Greaves (328) SL 333 Target 319, 316

Sell Voltas (161) SL 165
Target 155, 153

With the Congress and the Left toughening their respective stance and the last ditch effort by Sonia Gandhi failing to elicit any positive response from Prakash Karat & Co., the country is likely to be headed for mid-term polls sometime in the first half of next year. If the Government goes ahead and holds talks with the IAEA, the Communists are most likely to withdraw their support. So, there is only one way this coalition regime can complete its full term i.e. if the Centre decides to defer negotiations with the IAEA. But, after Sonia Gandhi's strong remarks on Sunday, this scenario looks difficult. The next few days are going to be critical. While the initial flow of words in the market will be directed at results, post that we will have expectations of the budget. If elections are around the corner, a populist budget for the masses is what may lie ahead. Who knows, a number of popular moves could be seen even before budget day.

wish you safe and profitable trading days...