Good Morning Friends,
What a and really what a rise. Unbelievable. I am sure you would not have burnt your money by shorting. Fine, that was my aim.
It was a tempting levels for bears. Well, what's next?
Fine, historically, whenever market used to get this kind of sharp rise through out the month then it used to correct on very next Tuesday after expiry. Today is that Tuesday.
Hence, I have point to consider as day of correction.
I definitely do not mean by anything close to say as trend reversal. It will be too early to say. I want to watch the day. Charts has a strong message for us that 16700 is a very very strong support.
Happy Trading,
