Nifty seems to be not giving up and showing extreme strength. It seems to be waiting for something. With now strongly defended zone of 16800-17100 it might so be that the fall in nifty might be delayed till major gann date / equinox dates in June. With heightened volatility, seems to continue in smaller time frames. So nifty might show the same in weekly time frame by first taking out the previous highs of 18100 upstairs and trapping all the bulls and the final shot to come later? A possibility in nifty. Possibly most of this uprun would be difficult to catch with very high volatility. Let us catch only what we can and mot be greedy. This is a second possibility that is coming up umless the first comes right away.
Trade active:
Taken long nifty 17300 with stops of 17000.