Tuesday, 23 September 2008

The N-Deal will bring a whiff of fresh buying

The signing of the N-Deal will bring a fresh whiff of buying interest on the bourses in India. this may happen after the expiry of this months contracts. The markets are expected to trade in the range of 3900 and 4300 on the NIFTY for the time being. The N-Deal will break the range to take it up to 5000 levels. But euphoria will be shortlived and the markets will again catch the contagion of the western markets. Untill then buy GOLD and sell dollars.

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