Fact : Can’t believe that in six days after crossing 16,000, this market is at 17,000. It’s completely amazing but that’s what happens when momentum takes over. We have just been grinding around between 4,000 and 4,500 and when we broke out we come to 5,000 on the Nifty, nearly so, this is just amazing.
One does not argue with the momentum in market. They take you to places much faster than one can reach and that’s what happened with us, an absolutely amazing feeling and India can’t be hotter.
Just look at the sequence of events. We have a big breakout above 16,000, beat Pakistan in a World Cup final, and we take out 17,000, just too many good things happening at the same time.
Market on Wednesday Shown Some strength in IT sector, Seen Some Correction in Petroleum and Steel Sector.
Their May be a chance of volatility in next two days of market.As it is time for Future and Options rollover.
Market at this level at some short of high priced .So ready for some volatility.
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