Can oil stall the rally?

For last three days the markets had a huge rally more than 250 points on the Nifty, almost a 700-800 point rally on the Sensex and there is a good chance that this morning you retreat a bit. In fact I would have thought even yesterday we would have retreated a bit. But this morning there are global headwinds against the market.

The crude oil is back to 65 that changes sudden things for India. There is also bond yields which have gone up and the market is very close to important resistance mark.

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