After visiting sub-4000 level after the budget, Nifty has been on course to record its 52 Week high. It closed the week at respectable level of 4636.
The results are mostly out and have paved way for further advances. The ‘sbin’ and ‘reliance’ will now be the stocks to give it further push hence please watch these two scrips closely. Much will depend on the world’s other markets but Nifty is sure to remain in the forefront. RBI has not changed any of the rates in its latest review but the liquidity remains high. If Nifty happens to decisively cross 4700 mark, you have to then stick with your stocks.