NIFTY SPOT : 8378.4
Hi,
Readers,
Nifty went up
in the morning today and made a high of 8445 but could not sustain at higher
levels and closed at 8378.
Since Nifty
did not sustain the momentum, thus, now it is the time to book full profits from
long positions and step aside.
Because as I
had mentioned in my previous blog dated Jan 04, 2015 that Global markets charts
are saying that they are giving topping out signals. In the light of above
caution of Global markets and lack of follow through in our markets complete
profit should be booked from all long positions.
Another point
I would like to mention here is that Bank Nifty and banking stocks charts are
saying that they may be getting ready for correction.
Time will
tell.
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