There may be a short correction overall because market is overbought a lot.
16800-16900 is crucial area for nifty. If it can sustain August month closing above 17000 we may go for new highs this year.
Otherwise be prepared for one more year of consolidation.
Not Financial Advice.
Bajaj Finance is back to Pre-covid highs. Additionally, it is lying at a crucial support range between 4700-4880.
For anyone trading in this, keep a watch on the levels. I would wait before creating a new position in the stock. NSE:BAJFINANCE
I would most probably enter if it breaks from those levels and shows signs of a definite trend.
Hope I helped someone from this.
LONG POSITIONAL TRADE IN JSW STEEL
WITH THE MARKET TURMOIL METAL STOCKS HAVE MANAGED
TO ARREST THE DOWNTREND
JSW IS LOOKS THE STRONGES TO RALLY ON THE UPSIDE