Just like in those Murphy’s law that we read “If things are going to go wrong, they will” no matter what you do. The corollary is also true; “if things are going to go right, they will”. Today session was fraught with a lot of heaviness of the bad news coming out during the weekend. The EURO nations being downgraded, the economy yet to warm up to the earnings being released. Infosys earnings not being enthusiastic from market perspective.
Yet the market today meandered between positive and negative and closed in the Green. Howz that, for a change. It now firmly moves, albeit slowly towards a firm closing for the month of January 2012. Now a great deal also depends upon how the other Big Brothers (TCS/RIL/ICICI/HDFC Bank) report their earnings cards.
I have a feeling that we could be drifting towards Mt. 5000 over the course of the next couple of weeks if all these minor ambushes are taken care of.
All in all, with each passing day, though the vulnerability exists, a great start so far to the year 2012 from a markets perspective. Hopefully, no Voodoo, happens till expiry and we should open the first 15 overs of the match with a good run rate. Elsewhere in Aussieland, there lies no hope. However, that is a different story altogether.
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