India is a place of great confusion and chaos!
1- Even the HZL - Vedanta takeover is on hold due to the mines ministry. How will people have confidence in India if everything gets blocked?
Use this rally to start booking profit.....and if you wish to buy...buy on dips....dont chase this rally. You will get trapped.
Not good news whatsoever. And if Fed starts tapering this week, then Rajan will be forced to continue with monetary tightening for the foreseeable future. Its a great time to exit long positions here. Best bet will be to buy on dips .... this is election year...market isnt going to rise beyond a point!