As we can see in the monthly charts of Nifty 50, the overall market is consolidating in a range of 15000-19000 and I think it will continue to do so for some time.
Previously valuations have fallen to their lows and currently, we can say that the market is fairly valued. From hereon we can see the valuations consolidating for some time which will also reflect in...
IRCTC is clear cut in bear territory with expensive valuations. Good time to short after decent bounce. Short IRCTC june or july future till 660 for 600/575 and 550. invalid if IRCTC stays above 690 on two day closing basis. #positionaltrade