|Posted by EJ on September 21, 2010 at 1:02 AM|
This is wot is called harvest season. There is ample chance that the current rally may extend to one more mth till Q2 results are out. One catch; the data due this week may slow down the momentum a bit; shud be used as further buying opportunity. FOMC meet tomorrow will throw light on the state of recovery in the US and elsewhere.
With first round of correction, move into midcaps; will outperform the big caps. Bigcaps will stabilize at these higher levels unless the results show ugly surprises.