Nifty View
If we go by chart then market was in range of broadly 5600 to 5200, now as it has break up with high volume chance are there in this qtr it can reach roughly 6000 or near to it. On other side if we look through fundamental perceptive then 6000 will be bit over valued zone with some 21 PE, but along with High liquidity and taking into easy monetary policy in Europe & US, its achievable and sustainable.
Note 2: Classic Case of Govt involve into Stock Speculation.
As I describe about OIL Stock Speculation last week further to it, if you look closely then in last two three days market has moved up much higher but PSU Oil Stock are at much below their recent high. Now what do this pattern suggest, it suggest that in really very huge speculation has been done in real sense, question is when did SEBI or any other watch dog so called market regulator will stop such things. No it will not happen till the Market is in existence. So only thing which left to people like us is to understand such things and to avoid being into such trap, and if we use just some commonsense and bit of market observation then we can also make profit out of it. (although not as much as govt official and their speculator make in such episode). I will term this also a scam but its legal scam.
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