|Market This Week
||Last week the NIFTY rallied and closed at all-time high levels not seen in the last 5 years. Huge FII inflow was seen and NIFTY gave a breakout on the charts. Not trying to be too technical and complicate things but the stage seems to be well set now!! The next 5 years will be the best times for the Indian stock markets unless something goes terribly wrong. The rally will not be a straight upward rally though but will be a typical up trending graph with corrections at time intervals. But yes, an up trending graph for sure which would provide huge returns in the times to come.
This week will be a consolidating one as the NIFTY is likely to rest for some time here. Profit booking will be seen as most investors will be clueless as usual. Counters that have rallied will show heavy profit bookings especially Pharma and IT as seen last week also. A small correction also cannot be ruled out. We must all be stock specific and a bit cautious this week. Also note that when the stage is set for a bull rally, we must all start following the Exit strategy to exit our counters, unless we are trading with a financial goal. We should not leave a performing counter half way, henceforth.