As the market is at an all-time high, we need to tread cautiously. It’s time to cut back your position sizes and be more cautious while taking the trade. From the bottom, the market has risen by almost 130%. This rally in the market has been global in nature. All country world indexes have gained 100-110% plus in value in just one year. India's market has performed the best in this. It ...
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In the coming days, the Index may continue to track the upper band. It also appears to have created a broad consolidation range, with the 17,350-17,400 zone acting as support. Pattern analysis showed that Nifty is in a steep uptrend. The breakout that occurred after Nifty crossed above the 15,900-15,950 range is very much intact. The market looks overbought, but still, the primary trend remains intact. It is possible that the market ...
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