Nothing is stopping NIFTY. Correction completed. New flag pattern is in place. It seems very clear by now NIFTY will touch 9000 very soon, perhaps before Diwali. It is difficult to believe investors are buying in this market, these are all traders and they have money and courage to buy at every small dip.
If there is slightest of correction tomorrow based on SC decision, it could be great buying opportunity. In any circumstances 8050 will not broken soon by bears. Tomorrow or at least before weekend NIFTY will be near 8300. RSI, MACD and all other indicators are in overbought region. Some stocks in IT and FMCG are the costliest in the world. But still NIFTY and these stocks are going up without significant volumes and reasons.
No new trades.
Hold all NIFTY CALL sell positions, especially this is just second week in this series. Hold IFCI PUT contract.
Disclaimer: This blog does not take any responsibility of your profit/loss
If there is slightest of correction tomorrow based on SC decision, it could be great buying opportunity. In any circumstances 8050 will not broken soon by bears. Tomorrow or at least before weekend NIFTY will be near 8300. RSI, MACD and all other indicators are in overbought region. Some stocks in IT and FMCG are the costliest in the world. But still NIFTY and these stocks are going up without significant volumes and reasons.
No new trades.
Hold all NIFTY CALL sell positions, especially this is just second week in this series. Hold IFCI PUT contract.
Disclaimer: This blog does not take any responsibility of your profit/loss
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