Sensex rallied from 9000 levels to 12000 levels from the holi holidays in March. The rally was totally different - it was quick, v-shaped, sucked out heavy short sellers, gap ups at crucial resistance levels.
Why?
It was due to heavy liquidity available with FIIs, Mutual Funds. They jumped and deployed when pessimism ruled the entire world. It was easy for them to pick up large quantities of stocks at throw away prices.
Will it hold?
It could hit 13200 - 13500 levels post our election results. I think, we will not have hung parliament, we will have some coalition government promptly formed as our politicians are smart enough not to miss opportunities.
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