The economic growth is poised to grow at 7.1%. Yes it is below the expected growth rate, but atleast India is looking forward for a good growth rate. India is the second fastest growth after China, and that has to be a good news for India.This indeed a very positive development.As mentioned earlier that the Nifty is facing resistance at the trendline.Technically Nifty chart has shown breakout above the long term trendline. MACD is also moving up and the RSI is also above 50. This means that the Nifty in the short term may bounce back till 3000-3050 levels. I had given call on RIL too, the same has been on the move and yesterday it almost touched Rs.1400, call give was at 1320 on Friday. hold, it has a capacity to touch 1430 levels.
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