Though Indian economy is showing good signs of recovery, as it is clear from GDP figures and Industrial output numbers, But global markets are in doldrums especially after the emergence of European crises. These negative global cues are weighing the domestic positive indications, because of this Indian indices Nifty and sensex are struggling to show clear breakouts on the upside, every upmove is followed by selling pressure thus leading these indices to be in a range indicating that markets are waiting for clear direction from the western world.
Talking about Indian fundamentals, more or less they are still strong from the long term point of view, as an investor one should remain invested with 20% cash on the sidelines which will help to average our holding price in case of deep cuts because of uncertain global environment
Always remember " Be an investor and make markets as your friend u will win rather than being a trader, who burns his figures in this beautiful game"
