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February 09 Market Analysis (NSE)


Nifty had a very strong closing today. Went back gap up opening of two days ago. And looking at the action we should see breakout tomorrow at this level. Everytime, I think this is a top, I got proved wrong. So this is what I am going to do from now, focus on the best setup in this market and play until I see big weakness in market breadth or overbought ratio turns down.  If I had focus on setups more than market condition,I would have been in very strong portfolio.

Market breadth still looks strong and overbought ratio is till good. Big caps look good too.....

Still bullish.... (did i say it?) until market breadth turns negative.......

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