Today is the not the Day

Market may have gained some points yesterday. My advice is that you should not try to buy today as the political cues and F&O closings would make the market more volatile. I don't think we are at or near the bottom. I believe these gains would not be held in July. So please do not make any medium term purchases today.
Left parties of India actually more concerned about the welfare of China than India. To sustain high growth rate, we need to improve our infrastructural facilities. Power is one among them. Even though nuclear power is costly, it is the only way to generate through out the year with out any traditional inputs like coke (limited resource) and hydro power ( availability is seasonal). Lefts should not drag the matter any further. They should either support Govt.'s initiative else withdraw support to the Govt.It would really help the economy and the Country. Please don't try the back seat driving. Let them remember that it is Manmohan's Govt. Till the uncertanity is over, the market will not stabilize.


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