Markets are rallying for last many days because of global clues . The biggest confusion with Investors now is to invest or not . This can be the start of new bull run or it can be a bear market rally which might reverse and there can again be a low made .
My views : Though markets have come long way from 2500-2600 levels , and if you have not invested at that time (before some weeks) , then you have missed some good rally .
But anyways , markets are roaring even now and there are chances of markets going little more up , after which it may again head down and then move sideways for some time or do down again .
If you have to invest for long term now , you must now wait for a dip , and then you can buy your stocks , with tight stop loss around 2850 levels of Nifty (to make it simple)
If Markets move up : Book profit on some position and keep half shares with stop loss at buy price .
If Markets go down : Get out at the SL price and take a small loss , then wait for markets to move down and when there are signs of strength again , then buy fresh , dont forget to participate that time because of fear . Watch moving averages .
Last Notes : Until there is any fresh bad news from US or world economies , chances of Nifty going down 2850 looks bleak, but expect surprises always 
If I had money , one of my choice would be to buy Reliance (on dips now) .
Please share your comments on what else we can do and what are the good stocks to pick this time . Which one according to you can be next Bull market King .
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Hi Manish,
Many believe we can touch Nov lows again,but i am not
.I would look out for Q4 results and make my investment decision.Results season may take the index to 10.5 and max 11k and the results will tell how far the index can go down.I believe the period of surprises is behind us.Happy investing 
Sandeep