Good Morning Friends,
It was a perfect move yesterday with a top around 16300 levels and then a pull back. From past four trading session, it was 16300 with is on work.
I am changing my instance. Have a look on small cap and mid cap indices. It has started under performing and this can be alarming sign. Remember, we are on top and top always demand caution.
Well, we need to see fresh development. If this underperformance continues then we may get a top.
What about 16500 target then?
Top can be here and there. We shall not be price specific. I am just trying to take cues from sentiment and apatite.
Last aim is to make money and for that we need to identify trend.
Happy trading,
