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Markets
Nifty hits life-time high, Sensex jumps 493 points on favourable macro data
Charts indicating over-extended rally
Nifty above upper Bollinger band showing over-extension of trend
PSU stocks bear the brunt in small & mid-cap space
The index forms bullish candle
Economy
US dollar may not go down further, rupee to gain in short term: Emkay Global
Stock Market
Post reversal formation, index in consolidating mode
Services PMI rises to 59.2 in June, highest since April 2011
Index holds bearish candle on daily charts
Decline in equity continues for 5th straight sessions; Sensex, Nifty slip 1%
Market breadth turns negative, trade with caution
Avoid long positions
