Today,we expect the momentum to continue for the day after the Congress-led coalition came out triumphant in the parliament. With crude oil prices falling below US$130/bbl mark overnight, the bulls will look to extend the euphoric phase of the last few days. With the political uncertainty out of the way, the focus of the Government will now shift towards inflation control and other macro-economic issues.
The bulls are likely to gain in confidence, now that the confidence motion has been won by the UPA, that too with an unexpectedly wide margin. And, we are saying this despite the four-day rally, which has seen the Sensex gain 1500 points. To add to the delight and elation of the bulls (and the Government), global cues are quite encouraging.As a result, we expect a gap-up opening, and another solid day for the bulls.
The bulls are likely to gain in confidence, now that the confidence motion has been won by the UPA, that too with an unexpectedly wide margin. And, we are saying this despite the four-day rally, which has seen the Sensex gain 1500 points. To add to the delight and elation of the bulls (and the Government), global cues are quite encouraging.As a result, we expect a gap-up opening, and another solid day for the bulls.
