Market is entering a new orbit with today's surge of 90 points in Nifty. The 52 Week High of 5399 is at a striking distance, and going by the Global clues, we will be getting a new 52 week high within a day or two. Once that is achieved, market may look at 5545 as the next resistance. All in all, Index based fundamentally strong scrips are in for a move!
But watch for the Rupee Movement. An appreciating Rupee will dampen the sentiments in IT Stocks!
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