Markets were up today, being the last Thursday of the month rollovers took place. Markets are looking at the Bank of Japan interest rates. On the whole markets are good showing an upward bias. Results of companies are ok not spectacular but, the feel good factor is keeping markets going. I personally think markets are over valued, a lot of IPOs are coming to the market which will suck liquidity out of the system. Profit booking is bound to take place. The stocks which have gone up are mid caps and small caps, which usually go up when there is a boom. The boom is here now, were people might start feeling that I have missed the bus. But retail investors are not in the market, the only players are mutual funds and large institutional players. Today, the sensex was up by 184.29 points at 28208.62 being the BSE and the Nifty was up by 50.5 points at 8666.3 it is better to book profits periodically. HAPPY TRADING AND INVESTING.
