US MARKETS AT AN ALL TIME HIGH ON THE NASDAQ, S&P 500 AND DOW ALMOST THERE, OUR BANKNIFTY HAS BEEN OUTPERFORMING NIFTY FOR SOMETIME.
ALL THESE ARE PUSHING OUR MARKETS UP.
BUT, HOW LONG WILL THIS LAST? WILL WE A SEE A CORRECTION SOON?
HONESTLY, UNLESS WE SEE SOME GOOD NEW POSITIONS BEING ADDED ON THE LONG SIDE I DONT THINK THIS WILL HOLD.
WE CAN EXPECT A RANGING DAY TODAY UNLESS THERE IS NEW BUYS.
ONE THING IS FOR SURE!, IF IT IS RANGING MARKET THE ONLY THING WE WILL SEE CLEARLY IS PREMIUM EROSION!
SO TRADE LIGHT GUYS UNLESS A CLEAR TREND IS FORMED.