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Mid-session Outlook(28-06-2013)

As Global Bullish markets and CCEA approval of gas price hike yesterday therefore strong Indian markets today but price hike decision will be implemented from April 1, 2014. It should be kept in mind that this decision may be reverted also if 3rd front come into power after next General Elections because Communists are opposing it. Only news reaction and Benchmark Indices are more than 1.85% up today,let markets turn quiet and start to trade on technicals then actual trend will be understood because Long Term Trend decider 200-Day EMA is at stake.