The general feedback is that though the flows are positive, it’s not indicating a proper direction either side. Either on upside or on the downside, so Nifty will be clearly in that range of 200 points but Monday is going to be a very crucial day.
Here is a verbatim transcript of Research Analyst, Nimesh Shah’s comments on CNBC-TV18. Also watch the accompanying video.Volumes would be an important factor to watch out for in today’s trade, yesterday they were low and despite weakness in the region we actually outperformed yesterday and the good part today is that atleast all the Asian regions are doing well.
I spoke to large dealing rooms in the morning today and the general feedback is that though the flows are positive, it’s not indicating a proper direction either side. Either on upside or on the downside, so we will be clearly in that range of 200 points on the Nifty but Monday is going to be a very crucial day.
General feedback says if the results come either in favor of UPA or NDA, we might see a 5-7% upside from these levels in days to come but no one wants to bet for today’s trade because Saturday is going to be a very important day in terms of the election results.
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