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Thursday, March 3, 2011

A Subtle Story

Well the Budget sting was in its tail....for the bears!

With the NATO warships heading for the Libyan coast and Muammar Gadaffi waving  the white flag at half mast,crude should be back to sub $100 levels.Iran's influence set to increase if he Muslim Brotherhood&allies gain in Egypt,Tunisia,Bahrain,Yemen.But mind you it the only sia majority state in a predominantly sunni middle east.

That is a story for the future.In the Indian markets Auto&banking sectors look good "buys" on retracements and the nifty support comes in at 5450 to keep the bulls in the frame.FIIs and DIIs both turned buyers so the week should end on a positive note.