There seems no stopping the Indian Bull. The Sensex is completely under the control of the bulls, with 15000 just around the corner. The coming earning season should see that becoming a reality unless there is some unpleasant surprise on that front, which is unlikely.
The monsoon is doing good and the industrial growth continues to be healthy. It would be but normal to expect the markets to march ahead to 15k and beyond. Once again the mid and small caps are attracting attention and the valuation madness goes out of hand.
As in all bull runs, new phrases are coined to justify the present value of stocks. We on our part continue to be cautious on the investment front. As for trading, we continue to enjoy the markets whatever the valuations.
The next few sessions should be interesting and pretty volatile as the market tries to scale the 15k mark. Let us see if we get lucky this time, or the market caves in again.
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