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Moneycontrol.com >> Message Board >> View Messages >> Market Outlook - Short Term
   You are here :     Moneycontrol     MMB    Market View      Market Outlook - Short Term                         Most active discussions of 2006 , 2007 & 2008
EXIT AROUND 4900-5100 LEVEL (1)   23-Jul-08 21:25Tracked by (0)  
Posted by:   aahoo on ( 23-Jul-08 21:25 )
corrected message
The market euphoria after the winning of the trust vote, in my opinion is short lived. The victory is for short term. The reason I would like to list out.
First, the news about Chaterjee. He was expelled from CPI-M. He may not able to continue to remain as speaker. Definitely he will resign. The time will be the week-end, as speculators in stock market see to that he may not resign in the next two days. When electing the next speaker the same story will repeat. People(non UPA) who voted in favor of UPA may not able to find reason to support cong nominated speaker. They I will be forced to support a third front candidate for the speaker post.

Secondly, Amar Singh factor. Here after he will show his colors. He will demand resignation of Petroleum minister if not FM. There are chances that they may demand petroleum ministry.

Third, the Ambani brothers factor. It is also related to the second factor. One day these Ambani brothers will be paupers with in there life if they remain to be in the present mood of rivalry. Same time they will make others also paupers. There is a proverb in tamil with the meaning, “no one is ever rich for 30 years and likewise poor for 30 years.” They are going to prove this adage. By the who knows about the crude oil price.

These factors in short term will affect the sentiment and the euphoria will die in short term. Do not get carried away and strongly I advise the boarders to exit around 4900-5100. It is not sustainable beyond that in short term.
Regards
aahoo

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