Bullish rally ahead of diwali will be seen in Indian market. Traders are optimistic about the market now.They think Indian bourses will surge in the coming four days. Last time also huge buying was seen in the diwali week. After that some profit booking took place. FIIs also uses this opportunity very well to make profit.
Sensex closed above 17,000 mark and nifty crossed 5000 mark. Industrial production in the country shows an upward trend which is a good sign for investor. After by elections also there will be some buing interest if congress doing good. Q2 numbers of companies will also make significant effect in the market. This is the right time to buy undervalued stocks. Traders should try to milk the opprtunity arises in the short term rally.
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