The world is celebrating….

The gains made yesterday are intact and indices are advancing for more gains. The long-term growth story of India is bright and improving day after day as the world events unfolding for our gains. As they loose, we stand to gain on our educated youthful population strength, the long coastline for exploration, large tracks of mineral rich forest covered hills and never the less barren lands for plantations to generate bio-fuels. In short every thing is rosy as the virgin unexploited resource reserves are blessing us.
But at the stock market, day-to-day fluctuations are common and tend to behave on the demand-supply principle. So the markets are likely to open high but see some profit booking in the stocks. The Relcap, Kotak Bank, Reliance energy and Aban are ripe for correction along with the other banking lot.The metals are buoyant and can advance in future, a correction is an opportunity to buy in SAIL, Hindalco. The techs may get some relief rally. When every body is celebrating, Pharma sector healing the wounds. The auto sector is likely to correct after the Sep. quarter results.