favour the bears. US Markets moved up again to clock back to back gains but on poor volumes. This is a classic text book pattern where in the pull backs are happening during low volume days or viceversa.
Nifty might gear up to attack the much awaited 5350 band but we believe Nifty is against all odds. And remember in the next leg of down cycle we will outperform the global markets. Every other analyst on TV is bullish with midcap fever spreading across the board.
Negatives far outweigh positives in the short term and markets will look for a small reason to melt down. We are extremely bullish on Indian economy over the medium term but short term hurdles remain.
One should atleast build a portfolio keeping 3-4 years in mind in stocks which will return you 300-500 pct gains. For now midcaps rule but be aware of major speed breaker ahead