The body language of this man speaks volume about his confidence. The victory doesn't seem to deviate his focus from what lies ahead for him and for his country! The young generation of that country seems to have made the right choice at an appropriate time. Medvedev/Putin and Obama together could make a great duo to work together and set up a new world order of consensus. Things seem to have gone berserk since the days of bypassing the United Nations.

Anyway, the Obama rally is over and the markets have once again started trending downwards, as was expected. Sensex could not close above the required levels of 10700. Therefore, it would be just wait and watch what kind of close we get this week. Until then the levels given in the stocksweekly remain relevant. Trade accordingly.