The market is ripe for a rally with the onset of the earnings season.RBI MPC’s assessment of inflation expectations and growth projections were positive surprises to the market. Receding inflationary expectations and a pickup in capital goods production are signs that the growth is healthy and sustainable. It has also penetrated the downward sloping trend line, indicating that the market is ready to rally. Buy-on-dips should be the strategy for traders.The market has found the bottom at least in the medium term. Stocks like Sobha Developers had gone up by 10 per cent intraday post earnings announcements.

Source: Economic Times April 07, 2018 04:52 UTC