As promised back on the verge of expiry. Hey by the way nebody gone long on Tuesday. As I was expecting in the 22nd May post link market did retraced to 4100 line!!! actual low being made was 4092 not bad at all.
Well upmove got triggered on the note of FNO expiry and US market screaming enough of profit booking as dow shot overnight(honestly nobody can catch gap ups but yes I kept guessing as our market was nearing 4100) . As I was expecting something strong by govt but all we got is a note by our FM.
"Finance Minister Pranab Mukherjee today said that a sustained stimulus to economic growth is possible by next round of reforms. He said reviving growth momentum is a top priority for the government adding that fiscal prudence will also be kept in mind.
Mukherjee said the government will stick to fiscal deficit target of 5.5% of GDP in the current that ends on March 2010 (FY 2010). He said the government is committed to fiscal consolidation in 2-3 years."
So tomorrow is the expiry and I hope another 100 points rally is on for us. Anything above 100 points will be a fun watching also it will ensure that I win prize of guessing closing nifty lvl of May on iCharts ( ha ha winning is a real fun, its more than money for me).
Hope you loved reading it.
Happy Trading.
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