10 Jun 2024 - Nifty hits a new top and then books profits
The new ATH is now 23411, and the points gained back after the infamous election counting sell-off is an impressive 2130pts ~ 10%. Can you believe it?
Since the technical analysis says trend continuation, we stick to our bullish stance but the question still remains - when is the real sell-off coming?
The price action remained quite range-bound today with no special directional intent. Hoping we have a similar pattern in the days ahead too. The last of the uncertainties are done with - we now know which cabinet ministers are getting what portfolios.
Since the technical analysis says trend continuation, we stick to our bullish stance but the question still remains - when is the real sell-off coming?
The price action remained quite range-bound today with no special directional intent. Hoping we have a similar pattern in the days ahead too. The last of the uncertainties are done with - we now know which cabinet ministers are getting what portfolios.
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