The Government has just hiked Petrol prices by Rs 7.5. The markets should take this as a sign of Government keen on reforms.
The key question of price hike of LPG and Diesel remain unanswered.
Technically, the market is at support levels and if it holds 4800 then we should bounce from here. The difference from the lows of last week is that several stocks are holding up and not falling down along with the Nifty which could be an indication of base formation for the moment.
4750 remains the key level. Any move below it would indicate retreat back into bear market territory.
The key question of price hike of LPG and Diesel remain unanswered.
Technically, the market is at support levels and if it holds 4800 then we should bounce from here. The difference from the lows of last week is that several stocks are holding up and not falling down along with the Nifty which could be an indication of base formation for the moment.
4750 remains the key level. Any move below it would indicate retreat back into bear market territory.
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