More upside likely

Market responded to policy intervention. Till today previous policy interventions have failed to turn the market around. However yesterday with govt around the world promising unlimited money spigot, the market responded well.

Only 547 breakouts on Market Monitor, while the market made one of the biggest move in history tells you something. Volume was lacking. Which puts a little bit of question mark on this move. For this kind of move the numbers should have been upwards of 2000 on 4% breakout. Something does not make sense.

But I will still maintain my stance that we are likely to see rally that will last for 2-3 month. So better days for swing trading will start from now onwards.

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