I’ll prefer to stay away from equity market for next two months!

Unusual technicalities, high inflation and relatively more liquid other Asian relatively less priced markets will keep the upper side in sensational index limited. Though market shows strength despite a fall last fortnight, it's more driven by liquidity. The liquidity which has largely accumulated as a confluence of the U.S. Federal Reserve and European Central Bank unprecedented debt monetization activities. Consistent high inflation and no sign of reduction in inflation expectation in near future as too much money has found safe heavens in commodities,raising substantially the cost of living to lower per capita purchasing parity, will force central banks to raise the borrowing cost strategically. In case it's not done, it will be worse for the economy in long run. Indian market has overdone its part in 2010 and I am of opinion that its time that money will flow more towards Singaporean and Vietnamese market in coming months. My personal opinion is that SENSEX will touch 17000 before the end of this quarter. Till then I will be cautiously remain invested in gold, copper, and probably take a fresh position in commodity market of natural gas and oil.