The news is that the local Bulls will be pulling back from this rally soon enough. Then it has to be sustained by the FII's who are fickle minded. And will easily switch away from the market once it finds out there is a waning interest during the voting period, and also with the global uncertainities looming ahead. The situation in Ukraine is still something which can go either way.The chances are for an increase in escalation, than seeing a solution in the near future.
The Chinese PMI has come out the lowest in 8 months.The Hangseng and the Shanghai markets celebrated it with the wishful thinking that the Chinese will introduce some form of easement. That will not happen, the chinese will let the market take it's course. They will not risk their banking system or allow the financial markets take a hit, nor will they risk the real estate market becoming a big bubble.The result is we shall see a correction coming up soon.