Market has almost run out of steam. It is trading at outer range of of possible highs. Resistance at 11216. The liquidity has almost dried out. Both FII's and DII's are Bearish on data points.RSI is in over bought zone. It is either the retail investors or Pro desk who have taken positions in Longs. Time to be very cautious. we have a had a straight up rally of 3500 points , Even marathon runners need to take a break. BREATHE.....Dont get caught Whipsaw.Might be a good idea to stay away from indices for a while and take position in specific stocks. Money NOT lost is Money MADE.
Disclaimer - This is neither anadvice nor a recommendation. Please take all your trading/investment decisions after consulting your Advisor.
Disclaimer - This is neither anadvice nor a recommendation. Please take all your trading/investment decisions after consulting your Advisor.
Comment:
The Top for today was given at 11216.Please Check,Nifty touched that and retraced and stopped at 11215. Interesting, right? One needs to know the craft and it goes beyond charts.