The going is good???..How far….????

The markets in the last 25 trading sessions are in between 5350-5550 level, as a matter of fact traded mostly in between 5400-5500 levels.
The beauty of these record highs was with out the participation of Reliance. This stock dragged from a high of 1180 to 915 level during this period. The beauty part of the rally with crossing the higher hurdles is with the major support from PSU stocks be it in banking or it in Oil &Gas.
There was a change in the holding structure of Reliance by Mukesh but it was not highlighted by the Media not even a discussion was taken place in the business channels but the market gave its verdict. I have a personal opinion that the retailer investors were not sufficiently informed.
The Nifty is likely to touch a new high again in the coming session but vey unlikely to maintain the streak. This time the Nifty fall points get triggered once it trades below 5440 instead of the earlier 5370-80 level.

The Birlas increased their stake in Hindalco by two percent in the last two months. The highest (in NSE) volumes made at 4cr odd on June-9th,at 130/- level and the lowest recorded at 30 lakhs at Rs 165-167 level on Aug-9th. Now the ruling price is at Rs170/-