The FII's have really not moved a muscle when it comes to their investing power.They can take this index to 7200 or even beyond.But it would depend on how the BJP fares on their seat garnishing ability.Once it becomes crystal clear that the party can reach 220 on its own...then we shall see a another mother of a rally.The FII's would be comfortable in moving funds into India which could surpass the numbers already brought into the country.There is some talk of the INDEX hitting 8k level, well that is a little far fetched, but then who did not say 7k level was a dream, which could soon be a reality.
The US job number is another key indicator awaited and it comes out today. If it turns out positive then we shall see a rally world over. In fact most of the markets are on pause mode at the moment. The chances are that the figure will turn out to be positive, anything above the last figure will be viewed as positive for the US economy.The S&P would rally beyond 1900 and then wait for the earning season to be kicked off by Alcoa on the 8th April.A correction after that is on the anvil and it could be 10 to 30 percent maximum.
The indian bull run is purely dependent on the election out come. If a stable government comes in the sentiment will see 23 on sensex and 7000 plus on the nifty. The soon after the fundamentals will come into play, especially the monsoon and its effect will be closely watched.
For the time being, shorting this market is not an option, but playing daily is lucrative and one can actually make money in this market.Trade safe and make money when you can for all the bad days in the past these are good times visiting you so make most of it.