Rally is over ?
Stock markets(Nifty) made a stunning performance from 2500 to 4500 levels.Nifty gained almost 2000 points within four months.Volatile scrips made more than 300% gain.
HDIL made its all time low of Rs.62.65 during October2008 now trading at Rs.315.Almost 500% return!!!!
Today nifty made a high of 4578 a resistance(See the chart below).But it failed to cross 4580-90 level.So we may see minor correction to 4500 and below.
Fundamentally there was no change in the current scnario.Still markets rallied.Market will face stiff resistance at 4800,5200 levels.
See the below image to know the trading idea for the current rally .
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