Will the rally continue ?

Million dollar question !!!

But there is no easy answer to this question. Today's rally was triggered by good global cues and than by short covering. Although todays rally was not only big points wise but also in terms of advance decline ratio also. Monday rise in sensex was limited to large caps and market breadth was highly negative.
We don't know where all proponents of decoupling theroy have gone ? It seems this relief rally will continue for some more time across the world markets.
U.S. consumer confidence fell more than forecast in March as Americans' outlook for the economy dropped to the lowest level since Richard Nixon was president.
We expect news like this will continue to come from the US economy front. But there are many opportunities in the mid cap space (Indian markets) which have come at mouth watering levels after correction.