Market reaction to Japan's disaster was thankfully muted as the economic consequences of this tragedy on India are negligible. Libyan crisis and crude prices as well as domestic inflation and IIP data will be the focus of the markets going ahead. Baring any unforeseen circumstances, markets are poised to bottom out in the next couple of weeks and then wait for a positive trigger to start a fresh bull run. Using declines to accumulate stocks would be the prudent strategy going forward.
No comments:
Post a Comment