Rakesh Jhunjhunwala views on Election and impact on Mkt

1. Rakesh Jhunjhunwala views on Election and its impact on Market suggests that he sees results of general elections 2009 bringing a bunch of surprises and is of the that NDA supported by Mayawati is a better option for markets. e is further of the opinion that third front government is not likely to be formed. However he is also of the viw that global cues hold more importance than elections in present scenario.

2. Rakesh Jhunjhunwala Portfolio suggests that he is bullish on the market as market is showing strength and investors are waiting for poll results. He suggests that one can take a holoday break between May 16-30 as that will be the highest period of uncertainity.

3. In his wish list he has requested for Goods and Services Tax (GST) which should be introduced by April 1, 2010 as it will help govt to garner a lot of revenue. Further he feels that by year end Nifty is likely to touch 3,850-4,000 levels. He further feels that Nifty 2750 is the bottom for the market. He further suggests that risk averse investors must avoid market till the time govt is formed.



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