With another 1% plus week, Nifty is even more closer to making a fresh all time high. While we are comfortably placed above the receding trendline, there could be some challenge thrown around the zone of previous all time high which is also the point where we started consolidating last October. Markets have not given any returns in the last 13 months but as we know, markets are cyclical and we have to play the long term to be able to experience a successful outing.

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