In short - Nifty is Overbought/Too Expensive/Too Hot to enter long currently.
The further Nifty moves upwards the more expensive it'll get and higher the risk of negative short term returns/losses in case of futures.
An inclined rally in a higher time frame is always followed by a dip.
Step aside for the rest of the week and wait for any dip.
The further Nifty moves upwards the more expensive it'll get and higher the risk of negative short term returns/losses in case of futures.
An inclined rally in a higher time frame is always followed by a dip.
Step aside for the rest of the week and wait for any dip.
Comment:
And the Market Dipped!
