Today,after several days of setbacks, especially post the Budget, the bulls may kick off the day’s proceedings on a strong footing. All thanks to a worldwide rally and of course pick up in monsoon activity. So, put a smile of your face as the key indices are likely to open with a decent gap. Don’t confuse the rally for a broader turnaround in sentiment. Overall, things remain precarious. Concerns still persist over the health of key global economies and western financial institutions.
Back home, an erratic monsoon is giving sleepless nights to farmers and authorities. How the earnings season will unfold is anybody’s guess. There are also worries that inflation and interest rates – the two bugbears of the equity bulls – could rear their ugly heads in the coming months. Volatility is going to be the norm rather than exception. It is tough to catch the highs and lows of the markets. What you can do is keep your eyes wide open and ears to the ground. Stick to a day–to-day regime for now. Pick up some flowers on the way, which are within your reach. As for the stars, for now just keep watching them.
