Seems Long term rise is peaking
Updated
Huge degree of index management happening. Reversal expected from Jul series
My personal analysis - I am am new to charting. My views may go wrong
My personal analysis - I am am new to charting. My views may go wrong
Trade active
Was expecting a reversal around 10800 level. I expect 11050 would be a strong resistance. If it reverses from here - it would be a sort of double top w.r.t all time highs.. However, bulls do not want to cede control, but the rally was driven by select few Nifty stocks which doesn't inspire confidence... to me it seems more like index management by strong hands to create euphoria & trap small traders
Let's see what happens next week
Comments are welcome... my analysis may completely go wrong
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