The Indian market is purely due to abundant liquidity on back of tapering delay by federal reserve,but it is not backed by strong fundamentals both locally and globally.Last one week FII pumped up more than 7000 crores in the market.It is not backed by strong fundamentals it is backed by strong liquidity flows.So investors must have cautious view on the markets as of now.
No one knows when will the flows will reverse.I don't think nifty to break the previous high before the 2014 CENTRAL GOVERNMENT ELECTIONS.Market will find the right direction after that event.Otherwise it is a range bound move only.
My advise on the markets is sell on rise(Which stocks you hold only).Because this liquidity can take the nifty to new high also.But it has only limited probability to break the new high.
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