The S&P index has been leading the world markets in this rally and by the look of this chart (done by MSS, not me) - we seem to have broken out of the range on the upside with strong volumes and 6:1 +ve breadth on Friday. The Nifty seems to have consolidated over the 5k mark and I would guess we could head much higher possibly to fill that 5320ish gap we left behind, not too long ago.However, a word of caution - news flow is causing great volatility in the markets & any adverse news could affect world markets very quickly.
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