Domestically, today RBI hiked the repo rates by 25bps and gave signal of further rate hikes and CRR hike. Friday Inflation numbers are also coming which may dampen the spirits of Bulls.
Globally Oil is again boilig around $138 today, and that may hammer the markets tommorow or on Friday. Oil prices soar to near $137 a barrel after Energy Department reports falling supplies. DOW is all set to break 12000 in near term and also can reach more lower levels. Oil may give spikes and touch $160, so that will be gloomy for global markets.
Considering this Sensex can fall to 14000 levels in near future. So in such uncertainity it is better not to commit all your capital at one shot, instead Buy in staggered fashion so that you get hold of some Blue chips at good prices.