Nifty Intraday :- 6th December,2013

S&P CNX Nifty ………………………. BOOM TODAY

intradaynifty

S&P CNX Nifty was hit hard today by Election euphoria and as well as phobia. Nifty gapped up more than 100 points in the opening trade and then crawled down the whole day, gaining a mild support at 6230 ( the earlier resistance). I do not understand much politics; but whatever I get to understand the two major political organisations of our country do not differ at all on economic policies . If there is a third combination gaining ground then everything hangs!!! Most likely one of the two major players will be in the helm of affairs next year, therefore it is hard to interpret the Euphoria & phobia attached with elections. On the economic cycle we have almost completed one cycle spanning two decades and we are poised for another cycle now within a year or two; until and unless we commit something suicidal.

On Nifty Charts Bulls

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