Good Morning Friends,
In the last session it has moved above 16380 and then it has crossed 16500 also. In technical charts it seems extremely bullish and extended target can be as big as 17000 + levels.
And then, Taliban returns,
Fine, Shall we be worried?
I must tell you that market is driven by just one factor, that that is that buyers are ready to buy. So, its all about sentiments when news flow hits.
A true bullish market is known to ignore bad news and reward good news.
Best News and good news is that liquidity has potential to absorb all possible bad news. Do not build up short just by looking Afghan Crisis.
Wait for market to react and then think accordingly.
Market has ignore many such bad news in past.
Well, As per technical is concern, unless today's close goes below 16350, there will be no concerning formation on chart.
I am already sitting with no position. So, I have time to watch - study and plan.
Happy Trading,
Praveen Kumar
