Good Morning Friends,
What a week going on for Nifty. went up and sustained at up. This is a sign of strength. Do not think of price correction. It is looking like that every pullback will be bought. Bulls are ready.
I must add, just like what 15600 has does in past month, will be done by 15900 levels now. As long as it is above 15900, do not think to short this market.
In fact, after this breakout prefer to trade long on every pullback.
The target which is in mind is something near to 16300 and then at 16500. These can be speculative target based on option build up.
Exhaustions will come at some levels but that level may not be this one.
Happy trading,
