The Nifty valuations appear to be stretched and the required earnings growth to sustain valuations is fairly high. Hence, any negative development or adverse news flow might lead to a sharp selloff…

Dear Trader… The Index continued its momentum amid volatility, after opening positive, the Nifty future slipped at a low of 14662.55 points into weakness than recovered sharply from the intraday low and finally rallied with an average movement of 208.45 points and a strong rise of around 51.35 points and