Good Morning Friends,
Nifty zoomed above 17300 +. It is easy to say that market is in full momentum but technical indicators are running with huge divergence. I plotted 20 DMA in above daily chart. You can observe that it is running with wild gap. Normally, price follow moving average sooner or later.
Question is, is this market running normal? It is running with too sharp rise. Perhaps something which no one has ever saw.
I am still not short but it seems top may come by this week itself. It is not wise to buy anything at this kind of valuation.
For trading, there is still no point to short. If you buy then also you may be in fear.
I am just extending my holiday. After initial rise, market may give up its gain today.
Happy Trading.
