NIFTY 03 SEPTEMBER 2021 : Rise to continue for 17300. If fall comes, that will be surprise.

 

Good Morning Friends, 

I was not expecting this kind of derivative expiry. I was expecting volatile down but it was volatile up. Above is daily chart. Charts saying 100+ point of fresh up move. 

Well, the last 100 points run came too sharp to believe. I find my self fortunate that I am not dealing from past few days. I am preventing myself from being trap at top.  

In past more than a year, many retail investors has entered in to the market and it seems that market hold due to their buying. Do you know that retails participation is highest in trading volume. 

Valuation is sky high. get rid of temptation of two three months gain and comes out from investment. Sooner or later, it will end up ugly. 

Fine, let us talk about today, 

I would say, trend remains bullish and Nifty can able to absorb any initial fall if comes. Nifty may challenge 17300 levels. 

Candle patterns are bullish. If fall comes, it will be a surprise. 

Happy Trading