NIFTY met the first target of 5869 mentioned in earlier post on NIFTY and in fact momentum took it little further. Now it should consolidate little and try to takeout next target of 5964. But the worry is the volumes. It has been rising quite steeply and may portend start of a steep killer 'c' wave down with minimum target of 5550 in next couple of weeks. Next couple of weeks should see a blowout rally in mid and small caps while NIFTY makes an attempt at 5964.
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