Nifty Extends Winning Streak. But Can the Rally Continue?

The Indian market continues to surprise on the upside. For the fourth consecutive week, the Nifty 50 moved higher, closing at 24,270, its highest level in nearly two months. The mood has also improved significantly. With geopolitical tensions easing, India VIX dropped nearly 10% to 11.79, indicating that investors are becoming more comfortable with taking risk. But here's the interesting part. While the index has broken above its short-term trendline resistance, strong buying momentum is still m