By admin | September 8, 2008 - 8:22 am - Posted in Intraday Calls
Monday would prove to be a beautiful morning for markets after the NSG clearance in Vienna and resolution of Singur row in West Bengal. Global queues are positive but the clearance of NSG waiver would be a major trigger for the markets to rally. Although market will go up on Monday but it would be advisable to take, some profits off the table as there are wide concerns with regard to the financial stability and slowdown in economy.
Although NSG waiver is a major boost but there is one more step left and that is clearance by US Congress. After that, India can enter in bilateral agreements with countries. In addition, the benefits of nuclear deal will show the results in companies’ balance sheets in coming three to five years. Therefore, it would be wise to book profits at higher levels and will not advise to buy at higher levels. Here are some intraday calls that you can trade on.
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