Nifty was expected to go down from the previous high and give a correction but it made a new high and currently it is in over valued zone.
For a healthy sustainance it should give a correction if it wants to sustain over 12000.
Personally I feel longs should be done only intraday and do not carry overnight long positions.
Because any small bad news can trigger reversal and it will start crumbling down without giving time to exit or think about it.
You can check any technical analysis and currently market is very over valued and it is risky to stay in buy for long times.
Play safe & Happy trade :)
Note: Above stated is my personal view and only for educational purpose. Consult your financial advisor before taking any trade.
For a healthy sustainance it should give a correction if it wants to sustain over 12000.
Personally I feel longs should be done only intraday and do not carry overnight long positions.
Because any small bad news can trigger reversal and it will start crumbling down without giving time to exit or think about it.
You can check any technical analysis and currently market is very over valued and it is risky to stay in buy for long times.
Play safe & Happy trade :)
Note: Above stated is my personal view and only for educational purpose. Consult your financial advisor before taking any trade.
Trade closed: target reached
