Contrary to our bearish prognosis, the markets have continued their bull run. The Sensex is above 14000 levels, at a comfortable 14300. The Nifty comfortable at 4200 levels. All things point to a new high this week, so be ready to go long on the open. Just be prepared for a lot of volatility in the days ahead. I guess most traders are used to the extreme volatile markets by now. But it is never too late to follow strict discipline in your trading.
This new high is in face of interest rate hikes and nervousness on the inflation end. Let us see how far fund inflows can proper our markets.
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