Keeps up going up, doesn’t it ?
The Nifty seems to have decided on a one way track – up. Just eight weeks ago, the Index made a panic low at 2200. Since then, much water has flown through the Ganga. At 3065, the Nifty is up 27% from its lowest close, and,a whopping 40% above the 2200 lows. That’s an up trend. An up trend is bullish.
Is this the end of the bear market ? Frankly, I doubt it. But, while the market moves up, we have to go with the flow, which is up. The Nifty can go to 3200 (seems likely), and maybe all the way to 3700 or even 4000. If it can fall from 6350 to 2200, it can also go up! After all, the Market will always surprise us!