Indian stock market - Swing Trading

The previous calendar year of 2018 was too volatile . nifty began with the level of 10531 and made a high of 11760 , but this was unsustainable and selling pressure brought the index down to the level of 10862 by the end of 2018. The annual return on the index was 3.2% ( approx ) i.e. about 350 points . major stock market related events of 2018 were - pnb scam , ilfs default and trade tensions. The calendar year 2019 started with levels around 10880 and nifty is currently trading at 11950 as of may 30 , 2019 . which is gain of about 1050 points . is there any further room for extra stretch ? The answer as obv ious , depends on many factors . the return of bjp government in centre is a major event of 2019 . Reasons to be bullish - earning growth , good Q1 result this fiscal , good monsoon Reasons to be bearish - slowdown in global economy , high valuation of nifty 50 firms overall , pessimistic forecast from IMF on overall economy of the world , volatility Overall If al