Today, the Indian stock markets continue to perform as under-dogs and are waiting for a David Boyle to tell an old recycled story better. Piling impossibility on impossibility remains a hope for bulls as global cues continue to haunt Indian market. A gap-down opening is a given. Don’t buy hoping for a miracle immediately.
The little hope that market is expecting is some measure from the RBI. The Oscars have proved you don’t need a new story. It just has to be told well. As Rehman's score wins a double delight, the bulls are yearning to scream Jai Ho!
The F&O expiry will bring its moments of anxiety as bulls and bears brush each other in a narrow range. The way investors adjust to revised market lots for fresh month contracts could widen the range.
