June 20 Analysis

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Analysis :

As predicted yesterday the market fell like a pack of cards and thus the market could slide a bit more and thus this week is likely to be volatile.Key support for Sensex exists at 15215-15085 andresistance for the market up move exists at 15255-15685. Nifty will find support at 4440. Market is likely to trade weak due to impending fiasco of Nuclear deal and CPM may pull support and general elections may be in offing in November or December. To me the game plan appears like to enjoy complete power period and to save face in world go for nuclear deal as per US time bound programme and let the parliament be dissolved and go for general elections and prior to that declare the Sixth (VI) Pay commission report. Even Sonia Gandhi has given go ahead for nuclear deal and I to personally want this deal to go through else we will not have any international standing.

I would suggest to watch market today.

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