The overall scenario in the market in the coming few days seems to be positive. This opinion is based on the following logics
a. FIIs have shown renewed interest thereby entering the Indian market with DIIs too to be part of this development.
b. Low rate of inflation.
c. Fiscal deficit been contained.
d. RBI giving thumb that it would be possible for India to maintain the GDP of around 7 (+)
e. Government must not over crowd itself by over spending to ensure the economy to be in good health.
e. Russian and OPEC been serious about imposing cut in the production of oil to overcome a situation like glut of oil in the market.
Market may not go down below the level of 7200 while the chances for market heading for 7800 are pretty high.
These are my view while reader on their own must convincingly go by their own study of the market/unwinding economic conditions, back home and at global level in order that the do not fall prey to losses.