After a huge rally from extremely oversold levels, market was hitting against old resistance area and was rejected immediately on high volume. Can it hold current levels? Will it attract investors? Most importantly can it sustain the move!!!
Two weeks can make significant difference, Isn't it! Market rallied back to OLD HIGHs due to severe intervention from RBI and also as US FED announced their decision regarding easy money. BUT now we are back into resistance zone where market was rejected twice. Will third time be any different? What shall we expect ahead...
Two weeks can make such a difference!!! Market has managed to bounce hard from extremely oversold levels. BUT can this bounce sustain OR Will history repeat itself!!! What HISTORY!!! What shall we expect in coming weeks/months?
Market managed to bounce from extreme level and in the process was able to break free through the resistance. The move came in after several major inventions from RBI due to which rupee slide appears to be under control for now. BUT how far will this bounce go and how much strength will it have!!! ONLY time will tell, so what shall we expect?
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