Investors inclined towards a BJP win next year: CLSA

Investors inclined towards a BJP win next year: CLSA

Opinion polls may be unreliable, but the markets favour the main opposition Bharatiya Janata Party (BJP) over the Congress party-led United Progressive Alliance (UPA) government to win next year’s general elections, Hong Kong-based securities house CLSA Asia-Pacific Markets said on Monday.

“It is clear that the market favours one outcome over another. It is their right to do that,” Christopher Wood, equity strategist at CLSA, told reporters at the CLSA India Forum in New Delhi.

The brokerage, in a presentation, also projected the state-wise performance of BJP and the probable reasons for it securing 202 seats in the 2014 election: a wave in favour of the party’s prime ministerial candidate Narendra Modi; the appeal of Modi to urban voters; anti-incumbency; polarization; and the strong performance of BJP state governments.

Live Nifty Fut 19-Nov-2013

Xpert Nifty

19-Nov-2013

Live Nifty Fut Update, as we have witness that since last 3 days NF Fut shown some huge and dramatic buying and in shown it shown another bottom.

This time NF Fut taken strong support near 6000 mark. Looking at chart formation it confirms that now trend is again +ve or upside as per our view.

NF Fut may go higher till 6340 in immediate run and there is huge chances that we may see new high and may be NF Fut may go higher then 6400-6500 mark.

There can be straight 10% upmove is there is strong news from resent state election. However many Big Broking House and funding house believe that market and many of the Good fundamentally strong company is under performing.

Looking at over all basis we do believe that every trader should start investing new fund step by step. There are several good stock which can attract traders.

As usual we are focusing on Banking Stock like SBI, AxisBank, YesBenk. this stock can give you good return in very short term.

There is nothing wrong in buying NF Fut as long as 6000 mark is intact.

There may be sharp intraday up or down sharp move as we are again going close to 6380-6400 mark.

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