I do not think that the today's increment is based on any particular news or events.
It is just because that the market was on continuous down trend and some major player have start buying the shares and it went up. More than increment, i believe the sustainability is important in the market.
Though there is no doubt that the market is in consolidation phase. And it is one of the right time to invest in the secondary market, seeing the upcoming fiscal year closure pressure; smart investors definitely can take some benefit out of it. In coming months, with the declaration of returns of the companies, the charm will definitely make the market towards up trend.
I want to see huge buy overcoming the huge supply pressures and then breach the 500 mark, making altogether a strong base in the market. Then, yes we can assume that the market is in bull run for some time or levels.
Regards,
Smart Investor
