Monday Morning Market Musing - Bulls in Twenty20 mode?

Last week we had huge action in our market and once the FED rate cut was announced markets were up in a jiffy and touched 16K. We are now close to touching 17K and it is like Bulls playing Twenty20 cricket instead of 50 overs match as the current flavour of the season is Twenty20 and with India's scintillating performance in the World Cup everything seems to go well.

We may see some more rally close to 17K and consolidation mode and corrections before we proceed to next destination 18K. If we proceed at this rate we can see even 25K in next 2 years rather 5 years. Brazil's Bovespa was around 30K when I was thinking how far it can go. It even crossed 50K. Considering this and the growth we have even we should aim at 50K if things go well and this can happen in next 5 Years. So 50K by 2012? Twenty20 is the current flavour and bulls seem to like it.

Technology stocks off late have taken a beating but if one invests in quality stocks like Infosys, TCS you will reap rich rewards if you have enough patience. However DO NOT expose too much to this stocks but have your profits invested in this.

I will be answering the stock queries posted in my blog http://indianstockmarketsquery.blogspot.com/ as soon as I can. Please keep posting your queries and I will try to do my best in answering them.