Good morning friends,
I am back again. Well, we saw a sharp recovery from 17860 levels and that was great. Now I am expecting a firm opening and that will give us levels like 18100 to 18150.
Big question is will it face resistance at top. My answer is simple that it is unpredictable. It may face resistance and may not face resistance. Chances are 50-50.
I strongly suggest not to short this market unless it gives you some pattern for topping. If top has to comes then it may come at 18150 levels or near by but I may not prefer shorting.
My rule is simple, not to short a market which makes a new all time high.
Better is - trade long. It will give reward.
Happy trading.
