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April 17 Market Analysis (NSE)

Nifty today has touched the resistance trend line.... it will be interesting to know how it will close from here....  I see that market is getting positive momentum slowly.... this is very good for the next healthy big move up....

Overbought-oversold ratio not showing much as I don't see major movement in the market....

Looking at the current situation, this is a time to start analyzing your position and start adding some position .... I am looking for some good long setups.... is it risky?s Yes, its risky as of now but I like big risk/reward ratio and this market is ready to provide me that......


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