Mixed signals from the Asian markets, a near negative one from the Dow ( despite better than expected results by financial firms for the quarter) and the political impasse at the centre (India, I mean) bode no good for a market that in the recent past has been amongst the most beaten ones the world over. All said and done, my personal thoughts are that the UPA government at the centre should get a near comfortable majority (maybe around 8-10 votes) and that should propel the markets up. Though the vote will happen possibly late in the evening, a clear picture seems to be emerging as to the fate of the government.

Taking all the above into account, I believe, there may be a good bit of buying effort today not only on the deliveries side but also in the F&O segment too. A few positions made today also maye be erased in a sell off tommorow, in the wake of a positive vote at the centre.

The BSE shold today move for a 14,000 plus scenario and stabilise in the 14,100 to 14,200 region by the day end. Volatility in the markets though is not ruled out ( Not a day to enter the market I would think). The Nifty is seen in a 4,180 to 4,240 range with a likelyhood of both markets making it even higher if the UPA is seen making a comfortable victory. The stocks of the day should be the Banking, metals, PSUs and the fertilizer scrips. The logic solely resting on the assumption of the government staying. Though, the RBI's July 29 date for the rate hike is nearing and may impact sentiments in the bankex somewhat, it will in all likelyhood take a backseat for the day.