kunal_finner

Nifty - Indian markets to correct or bull run to continue?

kunal_finner Updated   
NSE:NIFTY   Nifty 50 Index
Here i show 5 measures to look at whether the market will continue higher or correct. We have had an almost 12% rally from the lows of April - so people are worried.
However, look at these 5 measures and then take a call - dont make spur of the moment decisions only on the basis of yesterdays price action. Take all the below into account...
  1. DXY
  2. Nifty Heat Map
  3. FII DII
  4. AUDJPY - Why look at this?
  5. Asian markets trend / SPY
Comment:
Indian markets continue to be strong - however a short term pull back to 21 EMA thats the 18600 levels is likely. If it comes there - will be reloading once it touches that

Best advice ever - Cut your position size by half.
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