Sustained up move in Nifty.

With gains on eight consecutive trading days, the Nifty has come up all the way from 5350 to 5850 – almost 500 points. That’s a lot for the Index, any Index.

So, what’s the way ahead?

The short term view: follow the momentum. Markets are in a strong uptrend, go with he flow, buy dips, buy consolidation.

The long term view: India is in a secular bull market. I expect higher levels, five years from now. So, buying on significant corrections is the approach for the long term investor.

Joker in the pack: The intermediate trend is down. We had a rally from 2200 to 6340. This rally MUST correct. All markets correct, it is just a question of When?