Pre Market Commentary ...

Today, we expect the market to maintain the current momentum. But, one should not be surprised if there is some cooling from higher levels. But, taking chances with stocks now may not be too prudent a move, as the market can always make a fool out of you. So, take the world as it is and not as it ought to be. Take for instance the rising threat of terrorism, what with Taliban threatening to attack the US.

Coming to the market, the key indices have logged slim gains in the January-March quarter. This is the first such instance in over a year. However, the real test for the bulls will come this month, as we approach elections and earnings. There is also considerable anxiety over the health of the US banks and its fallout worldwide. One thing is sure that the re-balancing process will take time.

After staging a strong come back on Tuesday, Indian markets would look to carry the momentum atleast in the opening trades , provided global cues give some way. However, volatility would be the order of the day.