New Delhi, April 20 -- Last week, I wrote there was a relief rally likely in our equity markets. Markets validated that hypothesis based on statistical and behavioural data. This week too, there exists a possibility of a continued upthrust though it is likely to be triggered more by "hopium" than fundamental strength. Friday saw a surprise late announcement that the Strait of Hormuz was thrown open to global shipping. The same announcement was reversed within 12 hours as the Iranians objected to continued attacks on Lebanon by Israel. The positive fallout of the announcement was a crash in oil prices. That signalled to the global markets that fears of $150, 200 and 250 per barrel were unfounded. Remember, I have been stating since many qu...