Market is reaching for higher highs, but we find some tiredness on the daily chart of Nifty. The New high New Low indicator, which almost always gives advanced warnings of future happenings has not been able to give a new high in the current run. 12th Sept was a high on this index, and after that Nifty has made better highs and had good volume support. Today this indication on the NH-NL is an indication for a turn down at least for a brief period. And know what? This move was almost caught unawares for the side liners, now they would want to get in to the present activity and want to make some gains for them. How would they get the opportunity? This small correction is for them, and some weaker hands which hold positions now will get out, to give room for the stronger players to make their big bucks.
Just watch how the market gives opportunity for every segment of people participating in it. Isn't it wonderful, playing out just as every one would want it to.
Being a part of every action in the market is an amazing experience. Get along have fun and in the joy make money too.
Team BraViSa.
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