Nifty had the similar demand again today and it close at yesterday's high. Again for everydip in this market we have seen new buyers steeping into the market. But my yesterdays prediction stays the same, we really need a pullback for more healthy push in this market or I would like to see heavy volume coming into this market which should take this price higher than today's closing.
Be conservative to add new position in your portfolio. Watch your stops carefully for old position and see if you can move little closer to recent pivot points.
Many people are getting excited to see Nifty closing higher. But seasoned trader are watching every move carefully now.
Big caps are not shoivrcwing much exiting picture as well. Most had a positive day but not anything special. It will be interesting to see tomorrows action.
Again, I am not bearish with this market and keep looking for a good long setup but will be conservative for adding new position.
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