Good Morning Friends,
I am not on short call yet but definitely issuing word of caution. Its easy to be bullish on all time high based on sentiment and money flow but some top deserve cation. Till, Small cap and mid cap indices were comfortable, I was long.
Now, things are changing. Well, I need to see more confirmation but it seems money flow in small cap and mid cap has stopped. In fact, money is flowing out. Logic is, money outflow always starts from riskier asset. So, it seems its market call that stock price is riskier.
Impact on blue chip stocks usually comes later. If such under performance continues then we can expect the expected impact anytime and anyday.
I am stopping deals for myself for few days. Not in the mood to trade risk. Let us see how market respond. Price wise and indicator wise, no risk is visible yet as long as Nifty is above 16000 levels.
Happy Trading
