Market inching to surpass 18000 levels, but fail to do so in last week. Although it did on intraday blip, but could not close above it with confidence. So from here where did it head..? If you ask this question to our community / market participants / analyst and generally public (who have some interest in market) will tell you it will pass 18K level soon.
I to personally convince with general market consensus as it is very hard to stand apart form crowd. This is not a case with me this time, but there are some strong reason to believe that market could surpass 18k and go beyond that, due to comfortable liquidity, better Q4 / Annual result, and foreign money inflow.
Chances are there, that Sensex can scale up to 18K and beyond soon, but sustain over this is again a big question? It can do so only if FII money keeps on coming and Q4 shown very good result, otherwise again it could fall in range of 15500 – 18000.
I personally see Sensex to stay above 18000k and finally try to reach 21000, from where it started its fall back on Jan 2008.
Short term Bond are throwing good opportunity for Fixed Income Lover.
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