After jerky moves last Friday Nifty has gone to take rest for some days from the bull power. Daily chart of Nifty had retraced a minor bearish divergence and when analysts all around were in rejoicing mode announcing next targets for the Nifty. It takes a turn caught unawares. For Intra day trades, no more long trades for some days. We have made good bucks in the last 18 trading sessions of bull run, now its time to relax, take account of the profits made and enjoy the gains.
But, sure looking for opportunities to short or if the trend turns up, go long again.
Happy trading, team BraViSa.
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