NIfty had a dream closing today. We had a strong market breadth today, strongest since start of this bull move. One thing i can see is that, it seems like in today gap up day, most big cap stocks moved up rather than small caps, which is a strong market sign. I am expecting a following up day tomorrow, with this kind of strong push in the market.
I am sure many of you are thinking that, we should have been fully invested in this market to get big profit. But again, market works two ways, it very well could have gone gap down from here. We usually like to thinking about that aftermath and analyze the situation. But based on the yesterdays situation, I was better of in cash than fully invested.
5700 looks to be reachable distance for this index. The way it is moving, If we don't see major down days, we should hit the 5700 mark in a week to two week time.
Big caps had a huge volume today. M&M, SBIN, Godrejcp and Bharatiartl looks weak and if the market goes down at any point, these will be the stocks to look for shorting.
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