Public memory is short and retail investors today cannot wait to put their money in equities. The historic two-minute activity in the stock markets that saw the 30-scrip Sensex jump a phenomenal 2,110 points has brought sudden excitement to Dalal Street.

While all investors want to make the best of the rally, equity analysts and financial advisors said they must temper their excitement and instead bring discipline to their savings plan. Moreover, simple economics suggests that there will be a correction sooner than later. "We are very optimistic about the markets, but that doesn't mean that you should buy equities tomorrow. In fact, you are likely to commit a mistake in case you barge into equities tomorrow. Investors should stick with their plans and invest regularly," said Dhirendra Kumar, chief executive officer, Value Research.

"The recent rally was the impact of elections and the euphoria is expected to fade away gradually. Look at the financial plan and see whether you are under or overweight on equities and balance your position accordingly," adds Vishal Dhawan, a Mumbai-based financial planner.

Experts feel that the markets are expected to do well in the near future. "We expect the government pushing forward long-pending reforms. Since stability is not an issue now, the money that was lying idle in banks for the last 18 months or so will start flowing into the markets and keep them buoyant. We are quite bullish on the markets," said Reliance Mutual Fund chief executive officer Sudeep Sikka.

"We certainly do not expect one-way movement in equities and see some correction happening. It will be difficult to say whether it will be a steep or a modest one. However, we are confident that we will not revisit the lows experienced late last year or in March," said SBI Mutual Fund chief investment officer Navneet Munot.

However, retail investors are advised not get carried away in this frenzy and continue with disciplined investment in equities. "Systematic, regular and consistent investments are the key. Markets are cyclical. Therefore, do not put all your stakes in equities tomorrow. Stick to your plan," said Surya Bhatia, a Delhi-based financial planner. Adds Kartik Verma, a Gurgaon-based financial planner: "Long-term investors should not feel that they have missed the rally. Keep investing regularly through the SIP (systematic investment plan) route and get the best of rupee cost averaging."

"The best way is to invest through index funds that capture the highs and lows of the indices, which sometimes active funds are unable to capture," said Dhawan.