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India has entered into the 2^nd wave of covid spread and this time the infection rate was too high than what we have seen in covid 1^st wave. If we look at the positive ratio of covid in different states it's as high as more than 20%, today India has crossed the mark of 1.6 lakhs cases per day from 0.9 lakhs on 11^th feb 2021.

If we look at the valuation of Nifty 50, it's on a higher range of last 10-year average, which seems to be risky for investors. Along with this state wise covid restriction will slow down the recovery of Indian economy in future.

It seems to be like vaccination is the only hope for India as of now we have given vaccination first dose to 6.44% of total population and we expect Indian will require 45 days to reach 15% vaccination of total population.

We suggest investors be cautious on the market, don’t take leverage positions for the short term and even clients can take hedge positions also for their portfolio.

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