1. It is a matter of concern as inflation figures week ended 26 April has come out at 7.61% versus 7.57% the previous week, crude oil prices have led to announcing of the intermediate uptrend being over and the same is also confirmed by the international trend which looks weak.
2. Indian market will have to wait with a bated breath as next week is crucial for the market and if Nifty closes below 4900 than one may see the market touching Jan 2008 lows. In that scenario one can just call the present rally as a pull back rally.
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