The pre-election rally ended..?

The strong consolidation of 3 weeks at 3332-82, Nifty took a leap to 3482 then jumped to a level of 3650 range. Nifty even touched an intraday high at 3717 level before closing the week at 3621 level. The noon-stop 9 positive weekly closing right from 6th march to day placed Nifty from 2609 to 3620 level.

The retail investors, DII and MFs who are very much cradled by the swings of 200-250 points either side at 2700. They presumed that the FII ran out of money and wanting more from the emerging markets, shorting the market at every rise and things like that kept them a side by waiting for the turn to “auspicious jump” has never happed till date but the stocks rose more than 100% from their distressed lows.

Now many started asking for a deep correction so that they can buy and hold for this kind of a rally like situation from where they can make an exit, even that won’t happen in near future. When everybody wanted to replicate the known model then how can any body “demand” for a premium?. It is as simple as that- “Not every body can afford every time to build a PALACE by each construction or even grave yards be dug every where”.