Today, we expect the Indian market to extend Monday's smart pull-back after last week's big crash. Given the positive mood across global markets, the Indian bulls are unlikely to fall behind, though they already had a strong day in office on Monday. We expect yet another strong opening.Having said that, there are still some doubts over the revival in sentiment, as credit markets are still frozen and liquidity remains a thorny issue. The Indian economy is also going through a bit of a rough and tough period and there will be challenges ahead. Monday's rally too was more due to covering of short positions rather than fresh buying.
Spikes of green may lead you to dream and build castles in the air. At the same time don’t forget the nightmares of recent months which could return at the drop of a hat. The bulls haven't had two successive days of strong rally in a while. That might change today. Just wait and watch, trade safe.
Spikes of green may lead you to dream and build castles in the air. At the same time don’t forget the nightmares of recent months which could return at the drop of a hat. The bulls haven't had two successive days of strong rally in a while. That might change today. Just wait and watch, trade safe.
