Good morning, friends!
What a day it was for trend followers yesterday, especially the courageous traders who showed courage to buy the dips. Many congratulations to them. This is just a beginning of the journey, Bharat to abhi bahut aage jayega...
Regarding levels,
#NIFTY50 gave back to back closing above 18000, a good sign. It'd be even better if we get a weekly close above 18000 else we may see the range bound market between 17700-18100 for a few days. US Market closed in green, expecting Flat to Mild Green open today. Keep IT Stocks in focus for today/coming days with #INFY being Top Picks.
It gave us the Bahubali move yesterday which bears couldn't digest at all and must have had sleepless night yesterday. A green Marubozu was witnessed confirming the strength of buyers. A new ATH is just a few inches away, an area where one may think of booking existing longs and patiently wait for another dip to enter again, or atleast start trailing. It's getting tremendous support from #HDFCBANK & #ICICIBANK, & it in all probability will continue. Enjoy the show!
Note: Weekly expiry Today. Trade while keeping a check on position sizing. Don't give away yesterday's gains easily. Trader should never be complacent. Wishing you a profitable day ahead!