Nifty (NSE-India) has staged a huge rally over the last two months and is now near the yearly highs. To some extent it must be said that many market particiapnts have been caught on the wrong foot by the steep rally. We are advising traders/long term investors to book partial/majority of the accrued profits at current levels and initiate purchases at lower levels. A negative MACD divergence is starting to indicate that some profit taking may be round the corner. The chart is posted for educational purpoes and not an invitation to buy or sell securities.
|NIFTY INDIA AT INFLECTION POINT?|