Good Morning Friends,
Market run with full of surprises in favour of bulls. I am happy to avoid this market. I cannot say it is tug-of-war between bulls and bears. Its easily in favour of bulls and crushed bears.
Above is hourly chart of Nifty and one can easily observe huge divergence of MACD and RSI. So now, technical may not support this rally too much.
Price action is strongly and very strongly in support of rally. This is enough to stop shorting. Remember, momentum is hugely in favour of bulls and this type of momentum can give any levels.
Doesn't matter, I am still in holiday mode.
Happy Trading.
