Intraday Stock Market Trend Monday 23 May :- My Dear visitor’s, today 20th May Indian Stock Market rallied well from mid day session. Three possible reasons for the above mentioned rallies are 1. Better than expected Q4 results of ITC 2. In West Bengal Mamta Banerjee sworn in as the Chief Minister along with few congress MLA’s giving a strong indication of a stable central Govt. 3. Last but not the least a short covering by the Investor’s now, you have to be prepared for some unforeseen and bitter experience which may take place in next week. Indian Govt. will take the decision about the price hike of Diesel Oil which is on the card. Already Indian Govt. has hiked the contribution of upstream Oil companies toward fuel subsidies to 38.8 percent for the fiscal year of 2010-2011, which may also have a negative impact on Indian Stock Markets. finally monthly F&O expiry is knocking at the door on 26th May . In view of above, Investor’s/Trader’s should be cautious to take the position’s either long or short, as tremendous and abrupt volatility will persist in the next four trading sessions.
