Today,the key indices are likely to open a tad higher given the modest gains in some Asian markets and flat finish on Wall Street. There are many screens to watch these days from the trading screen to the elections and of course the latest on what few would understand- swine flu. Before the market takes a big break, we are in for a volatile session as traders weigh their moves in the F&O segment today. The uncertainty surrounding Lok Sabha elections and anxiety over the banks’ stress test results in the US may keep a lid on gains. Nagging concerns over the swine flu outbreak and its impact on the tentative global recovery will keep the bulls in check.
The Indian stock market will be shut on Thursday and Friday for elections and Maharashtra Day, respectively. Most players would prefer to stay nimble to mitigate potential risks from any untoward development over the long weekend. Some short-covering led advance if it happens is unlikely to go too far. Remain guarded as the relief rally may soon run out of gas, especially if there is no incremental good news.
