Since Mr. Manmohan singh became Finance minister and started slew of financial reforms along with the Partly convertersion of Rupee. Union Budget since then has become a shrine telecast or pandhari yatra for the everybody.
But one must applaud the political accumen of the current elected UPA government, who increased the fuel prices of the Petrol, Diesel prior to this Union budget. By this the current ruling government has signaled that not to expect too-much from this budget . It may not be rhetoric or euphoric budget, but to expect practical fiancial policies which make business and economic sense rather than just pleasing certain sections of society or just for the electorals appeals. It is general bet in Media that it will be a budget for Bharat. Since last two weeks BSE Sensex has broken out of ascending channel. On Friday 03/07/2009 BSE Sensex reattempted on up-side to re-gain old high. Today on Monday 06/07/2009 it may again try to cross 15000 mark and in process try to break within the the ascending channel or touch the bottom of the ascending channel. Today,s budget will set the pace for future trend of the market. On one hand if market gives thumbs-down BSE Sensex may take support just above the gap-up created after election results-13500-13700 . While on the other hand if Market gives thumbs-up then BSE Sensex may re-capture the stiff resistance zone of 15400-15600. Above 14500 bulls can be comfortable. <http://suchitaambardekar.blogspot.com/2009/07/bse-sensex-trend-analysis-daily-to.html>Suchita Ambardekar --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
