Slowing inching up or Maturing up trend?
As stated earlier, this rally has strong backup of liquidity and positive sentiments, which is resulting into buying support at every dip & strong pull back thereafter. But sensex over 15500 is not sentiments game or liquidity game its changing its appearance into strong speculation, and speculation rally came take market anywhere.
So a simple advice for Bear is to trade with very strict SL, and book profit if they fall right on intraday basis. Medium & Short Term Trend is Up, So no worry for Bulls as of now; they are safe above 4450 -4550.
Rally can take Nifty to 4800
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