Sharp turnaround in the broader markets. Will the rally sustain?

The markets seem pretty happy these past couple of weeks. The NSE mid and small cap indices are up around 8% and 11%. Even Nifty 500 the broadest gauge of the market we have is up about 5%.

Here’s the one month chart

Here’s the last 1 year chart

What do you think, will the rally fizzle out? How are you trading this?

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