What to do when nifty is 17000!!

look nifty and banknifty are rallying like hell since start of this month.
But along with it we have seen profit booking in nifty smallcap and nifty midcap indices.
With rising nifty Largecap giants are also not performing as much as nifty with reliance being weak with nifty at high.
Reliance and hdfc are main scripts of nifty,
and they are slow or tumbling.
This shows a huge divergence .
This indicates that the numbers of nifty are just due to index longs held by DII's and some FII'S
there is money in index only.

index money is called as shortfall money,
this is not permanent,
if index has grew 10% since 15000 i.e 1500 points,
reliance , tcs , HUL, hdfcbank
should have boomed as much as 20 % atleast.

so there is a mismatch.

The index is swollen just because of short term longs in futures as well as all derivative scripts,
so whenever if news comes or profit booking starts nifty will get back to 15k or 14900 levels.

& when nifty falls all stocks will tumble.
and swings will be destroyed
so for now dont go any long above 1 day.

i am personally having position of 17000 PE from yesterday.

all and all be safe
markets are all about safety,

-Nikhil