As mentioned earlier that the Nifty chart is showing good strenght and there will be rally. Today markets opened on a strong note. Both Nifty and the Sensex opened positively and the rally contiuned. Sensex closed up around 492 points and Nifty by 144. Nifty made a high of 2937.3 and while Sensex crossed 9600 levels.Some follow-up buying was also seen in commodity stocks due to government's fiscal stimulus package, which was announced on Sunday. Strong Asian markets was another reason for today's rally. US markets futures also jumped up on hopes of tentative auto rescue package.
Volumes were also good as compared to yesterday. Nifty's cash volumes were Rs.9400 crs. and today it was Rs. 11500 crs. Few weeks back also i have informed me that the traders can bet on the reality and the banking stocks.
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