Today, promises to be another bright start for the bulls. But, the Hang Seng has slipped in the red after a higher start and the Shanghai market is more or less flat.Some prankster may have threatened to blow up the BSE and NSE buildings on Monday. But except the cops and a few others nobody seemed to be bothered much as the bulls were firing on all cylinders. Climbing Mount 12K has taken the Sensex six odd months if you please. The market seems to have done a global catch up rally. And it appears that the global funds are more confident than their local counterparts.
All eyes are now on the election results. A government formed by either the UPA or the NDA will be welcome. But, anything other than this scenario may temporarily make some dent in the sentiment.
There is bound to be a correction at some point during this rally. So, lock in some gains and put the money back when the anticipated slide takes place. Overall, the mood remains upbeat on the back of improving economic data and return of risk appetite. These are times we know many won't listen but it really helps to avoid stocks with weak fundamentals.
