One thing that I have been saying informally to a lot of my clients and followers - it was visible for all to see yesterday when the BankNifty rose 4% - The market rise is being fueled by the sacrificial blood of the bears. There are still a lot of bears trapped who will now rush to cover their short positions and fuel a further rise in the indices.
Above 50000/15050, the immediate targets for the markets will be 51200/15400. Conservative traders keep a trailing SL at 48650/14640 for all long positions.Raghav's Picks completes 16 years today. We thank you for your trust and support in our journey so far and look forward to your continued patronage.