This rally is sustainable as after a number of months foreign portfolio investors have become net buyers.
It appears Gujarat election results are going to go BJP way. However, those fully loaded can lighten position ahead of results and can re-enter after the results as at Max they are going to lose the opportunity cost.
Nifty will remain upbeat provided 18000 level is sustained and next bull run will ence on Nifty crossing 19000 mark.
Only way this rally is going to fizzle out if Russia bombs Ukraine with Nuclear arsenal. Let's keep the fingers crossed.
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