Congress party is going to give a stable govt. without the support of left front .This is a booster dose for economy & stock market .So 200 points gap up opening is expected on monday.In chart of nifty the channel brokedown on Thursday but nifty bounced back channel retained on friday ,closing at 3671 .
"Some of the veterans point out that markets could go in for a sharp correction after the initial exuberance dies down. A few are warning of the markets correcting by as much as 20 per cent due to global and domestic factors."
ReplyDelete