both side bad news : if govt increase petrol price,left will challenge its support to congress,and inflation will touch 11% ,if govt dont increase the price of petrol price,oil companies will go bankrupt,and it wll be shame to congress govt,to be the first govt in which psu company go bankrupt,it will make bad remark to govt and if oil touch 140$ then rbi will take serious steps,so for a develping economy like India and china,this is tough times.dont get emotional,nifty will make its base around 3650-3800 in june or july,wait till that time.
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