 "markets")
The Nifty continues to run up after its breakout from a trading range at 11,000. It has now run up 6 per cent within the settlement — actually in less than 3 weeks. It is now hitting resistance as it nears the all-time high.
Since the next 2 months involve general elections, the uptrend is likely to be heavily influenced by political news flow. The target of the breakout was till about 11,500-11,600 and it has hit resistance above 11,500. Background signals are bullish. Breadth has improved with a rally in small- and mid-cap stocks.
Volumes have been
Since the next 2 months involve general elections, the uptrend is likely to be heavily influenced by political news flow. The target of the breakout was till about 11,500-11,600 and it has hit resistance above 11,500. Background signals are bullish. Breadth has improved with a rally in small- and mid-cap stocks.
Volumes have been
