Today was not supposed to be this good.
1. The world markets were in deep trouble
2. The crude price was at an ATH
3. TCS results were bad, IT Index was sure to underperform
4. US Treasury Bond Yield had reached 1.6+%
5. The tapering was surely going to start soon
Even then the BankNifty did not underperform and the markets still rallied after briefly falling to sub 17900 levels. The sector rotation of Bank to IT is expected to begin soon and Infy, HCL and the banks are expected to declare their results by next week.
Summing it up, I think the bullish trends will continue for now albeit with some volatility. The inflation data for Thursday is going to be important though. Keep that in mind when making any decisions.
1. The world markets were in deep trouble
2. The crude price was at an ATH
3. TCS results were bad, IT Index was sure to underperform
4. US Treasury Bond Yield had reached 1.6+%
5. The tapering was surely going to start soon
Even then the BankNifty did not underperform and the markets still rallied after briefly falling to sub 17900 levels. The sector rotation of Bank to IT is expected to begin soon and Infy, HCL and the banks are expected to declare their results by next week.
Summing it up, I think the bullish trends will continue for now albeit with some volatility. The inflation data for Thursday is going to be important though. Keep that in mind when making any decisions.