Discussion on Indian sudden market growth

Hi All,

In this month NIFTY gained around 500 points, is this healthy growth?

As my understand in world market any other country market did not raise like an Indian market. Please share your view on what bases it is growing.

I think some big trap is building on 5000 and also you can find some recent big IPO's coming up (some already on), they won't let the market come down at this point and it will happen after the IPO's and Nifty's 5000. I may be wrong and its just my opinion.

Let me correct that we started this Series at 4700 so we have not run up 500points already.

I do NOT think so that this is a bull trap, we have been consolidating within the range of 4300-4700 for almost 3 months and a breakout cannot be of JUST 200-300 points. To add to this, US has broken all the resistance levels and so is other Asian markets. This is a call for global breakout and being in very healthy position India cannot left behind.

I see another rally in coming months at least till 5200-5300 before we go for another minor correction... 5000 will going to be a strong support line very soon