We have had oil going down that has been a big boost for the markets. Overall another good news is that the Atlanta Fed projection for the US for quarter three is now running at 2.5% of year on year growth in GDP. So after two quarters of negative print we are going to see a pretty strong quarter for the US economy that gives substance to the markets.
The overall positive chart pattern of Nifty remains intact. There is a possibility of Nifty continuing its upward journey without showing any major breakdown in