Today, as we look set for a bright start. Indices may be in green but make sure your investments too are safe. Asian indices are mostly higher. Obama regime is expected to announce a plan to buy banks’ soured assets. Nifty futures in Singapore and Dow futures are smartly up. But, there could be wild swings for sure ahead of F&O expiry. Also, some resistance is likely at higher levels as investors could turn cautious ahead of an eventful April. We will have to contend with earnings, elections and RBI policy next month.
On the political front, the heat is definitely on. The two main parties (Congress and BJP) so far have been the worst hit. While an internal row is taking toll on BJP, the Congress is facing a revolt of sorts from long-time allies like RJD. Even its alliance with in Uttar Pradesh (SP) and Maharashtra (NCP) are pretty fragile. Post the vote counting, the equations could swing either way. It is this uncertainty and unpredictability of polls that could potentially prove to be a spoilsport for the bulls.
