Rally will continue for the first half of this week

Rally in Indian markets will continue in some more days. The Indo-US nuclear deal will be the favourable for the India. We are expecting that the civil nuclear agreement between India and US will be approved by the US Congress. But the top 20 Coporates advance tax payments were mixed it is the cause of concern for the 2nd quarter earnings which is scheduled in the coming month. Rising crude prices will be beneficial for ONGC, RIL,RPL and Cairn India but the at the same time State run oil firm stocks will be under the pressure. But if one see the bulk deals at every sell there is a buyer it means market intermediaries are very alert at every deep fall of the Indian markets. US Government is planning to buy up to $ 7oo billion in bad mortgages may not be the faviourable for US markets. US market analysts are expecting the huge losses more than the rescue plan in US banking sector.

But the market rally now purely depending on International cues but one can expect the moderate gains for the first half of this week. (thebullishtrends)