NIFTY - Usual Huffing and Puffing But No Change - 8/10/2016

١٠ أغسطس ٢٠١٦

An urge to break away is normal but NIFTY can't do much until the parent of the kid let it run away. S&P 500 is not breaking out in hurry and NIFTY is attached to the hip. Only difference is that S&P 500 emini futures is pure technical trade where every tick is there for easy grab while NIFTY is little sentimental with big opening push-pull adjustment and then sedate following of the parent.
Without delay, the straight forward trade is, with everything else equal, 8500 support level is still for getting long and chasing higher is forbidden.