Today, we see another weak opening. US stocks slumped overnight. Asian markets too are down 1-2%. Any recovery in global trend could swing the mood in favour of the bulls.The market is currently at the mercy of daily triggers, local or global. On days when there is no market moving news, the main indices tend to turn choppy and rangebound. Ecstasy turns into agony, as fundamentals (which are still fragile across world equity markets) resurface to haunt the bulls.
Another trend that is visible is that the large caps are hogging the limelight. The small and mid-cap shares seem to have gone out of favour. This trend is likely to continue, as the frontline stocks have historically led any major change in market trend. Stick to the big stocks in the current uncertain times. Be very careful while making any investments in small or mid-caps.
