Feb 08, 2007, 10.20 AM IST | Source: CNBC-TV18

Will markets bounce back today?

Market have had three days of a rally, one day of a pause, midcaps flying all around the place and two listings. Global markets are quiet today but there are two listings - a big one from Akruti Nirman and a smaller one from Cambridge Technology.

Market have had three days of a rally, one day of a pause, midcaps flying all around the place and two listings. Global markets are quiet today but there are two listings - a big one from Akruti Nirman and a smaller one from Cambridge Technology.

But the big question today is, whether we will resume the rally because the market seems to be in momentum mode or we need to pause and consolidate a little bit more, particularly given the global factors and then we can pick up the pieces and run once again. So will it be a second day of consolidation or will the markets bounce back today?

Its difficult to say what will happen but it could have another sideways session, it might rest a bit more and then pick up because we have seen this in the past. The market breaks out towards the end of one week, starts the week strong and then goes quiet for the rest of the week, and only towards the end of the week some times it picks up.

So maybe Friday is the day where we start go up once again. But these are all guesses, who knows what the market has on its mind on a particular day. I wont be surprised if there is another sideways session and maybe towards end of the session you will see the bulls getting little worked up once again.

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