After an awesome rally in month of May, Is this the pullback everyone is waiting for!!! New government has announced very aggressive and progressive strategies, however everything depends on execution. Will you bet your money in this market?
Now that elections are out of the way, euphoria continues to take this market further high. New government is laying down its agenda of India's 1st bullet train, cleaning of river Ganga, re-settlement of Kashmiri pundits, so on and so forth. But what does all this mean for Investors and how far this market can continue its vertical climb?
In just one week, market almost jumped 800-1000 points on strong volume. Is this the right time to get in this news driven market! It is very tempting isn't it!!! Especially if we missed the rally then we tend to become desperate and get in at "any cost". BUT be patient.... What can we expect next in coming days/weeks (short term) and coming months (long term)!!!
We are witnessing perfect example of "market euphoria". Election results are a week away and market is already celebrating (anticipating) perceived outcome based on exit polls. What should we do in this volatile environment?
Market appears to be in pullback mode after a huge rally which we were expecting for sometime now, Isn't it! Hence this should NOT be a surprise for us. Election results are still two weeks away, what shall we expect for next two weeks?
Just like all of you, hard working and trying to make a better living.