The Global markets are still trying to cope up with the troubled situation and the crisis. The nervous sentiments are still there among the investors and there has not been any perfect bull rally witnessed since a long time, which could boost investor confidence. Many experts termed this situation to be worse than the situation of 2008. Most of the investors are waiting for the outcome of the emergency meeting of the European leaders in Cannes. The decisions and strategies which come out of the meeting will decide the move of the markets for sometime.
For the past few weeks Indian markets have witnessed some upmove but the experts are of the view that these were purely due to the festive mood. The experts feel that there will not be any sustained uptrend and the markets were fuelled by the festive season. The markets are still range bound and there are chances that we will see corrections in the coming weeks. The markets could reach the levels of 5,400 to 5,500 if the Nifty is able to sustain a level of 5,150. But the investors must remain cautious as there are chances that the Nifty may again test 4,700 and one can short only if the Nifty manages to cross 5,150.
There is huge amount of uncertainty and scepticism still hovering around the Indian markets due to both the Global and domestic reasons. But there are some sectors which have the ability to outperform and some of them are FMCG sector. HUL will the best among them.
Bell The Bull says: Investing Cautiously and maintaining patience could be good for the investorsGoogle+