Today, after a magnificent Monday, Indian markets would look to extend its dream run post the Congress led UPA win. Should the NSE Nifty index hit 4,608 on Tuesday, markets would once again stop trading. However, one cannot rule out profit booking after a stupendous rally.
The fact of the matter is the new Government would not like to rush into doing things that all of us want it to. It will indeed undertake reforms but gradually. So, one has to temper one's expectations and not get carried away.
Another circuit may not be on the cards and the paper gains could soon tear away. Don’t forget to book profits. You will get opportunities later to ride the momentum.
