Hello everyone!!!
This is going to be another exciting week of trading. So far, we have seen a gain of almost 600 points in the past six trading sessions. Momentum remains stronger. Just based on the daily chart of Nifty is looks like we are going to see 20000 marks this week itself. Although I am not suggesting fresh entry on long in hurry. One should use dip.
So, what is here for bears now? Fine, I must say that even if fall comes it will more or less be the surprise deal. Still unexpected is nothing. One can expect that near 19900 levels we can see some resistance emerging. I will not look for a side trade. So, as long as Nifty is above 19700, I will look for the opportunity to buy only.
A word of caution is also advisable at this kind of level. Let us see where they will market give us a chance to enter intraday.
