- As you can see that, Nifty has broken ATH
- Market Sentiment and Technical Indicators are positive
- Momentum is Positive and Trend has strength
However, DO NOT EXPECT a straight Move towards 22K / 23K
- Nifty must consolidate for few weeks which will serve as a Base for Next Up Move
- Weekly Highs will act as a Resistance
- MACD to regain the Bullish Crossover, will take some time,
NEXT FEW WEEKS WILL BE RANGE BOUND, and WILL TRAP RETAILERS
SO TRADE SMARTLY !
Comment:
When I say COnsolidation of Few weeks, I mean anything between 1-5 weeks