InvestorQ : WHY MARKET IS ROLLING BETWEEN 11900 TO 12K IS THERE ANY SINGLE RALLY IS GOING TO COME? WHAT IS THE BEST NEWS FLOW TO TRACK RIGHT NOW FOR FIGURING OUT THIS SITUATION?
VIKAS DELIWALA made post

WHY MARKET IS ROLLING BETWEEN 11900 TO 12K IS THERE ANY SINGLE RALLY IS GOING TO COME? WHAT IS THE BEST NEWS FLOW TO TRACK RIGHT NOW FOR FIGURING OUT THIS SITUATION?

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Sam Eswaran answered.
2 years ago
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Even as you raised this question the Nifty has decisively close at 12,073. This was a long consolidation and if you recollect the Nifty had tested the 12,000 levels four times this year. But it is only on this occasion that the market has scaled the 12,000 mark after a very quick retracement. This is a clear sign of strength.

It is hard to say if there will be a one way rally as it will require a very strong story in the form of growth coming back or inflation coming down or interest rates going down further. Alternatively, the lower taxes on corporates and the incentives for fresh investments must spur a huge flow of capital into the markets. But structurally, the Nifty does look like it has broken past 12,000 for good.

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