NIFTY is flying high again after a brief touchdown. Our Trend long position has done a 320+ points gain at the peak. Indicators show very strong multiple bearish divergences, a strong indicator signal goes false it is an indication that something under the bottom of the markets is brewing strong along with the tide. Being with the flow is the safe bet, do not use any judgment to exit long positions premature, run along as long as Mr. Market is going to make his relentless run.
Value zone has moved up to 5271-5244 which has locked above 200 points for our trend position. Swing traders became a butchered lot with no entries when the market is flying and rather having some whipsaw trades when Mr. Market withered on Friday.
Divergences show that there is a turn around the corner, where the actual corner is? Is the question now? Hopefully this question will get its answer in the coming few hours.
No comments:
Post a Comment