Nifty Breaks out on aTrend Day

Nifty broke out of the recent resistance of 5330 . Today was a trend day on such day market closes at extremes.

Though Nifty made a new high but on charts momentum oscillators failed to make a new high.

Is it divergence or are we being the party spoiler ? Well , just a simple observation.

Prices are making a new high but oscillators are not making a new highs.
Just a time to be cautious when everybody is euphoric.

In light of the above we would bet on low risk opportunity.
NMDC of late has been thrashed a lot.
Its historic support is at 280 zone.Its recent support is at 290. Its trading in a narrow range between 290-300. A pull back can take it to 325 -340..
Iron ore prices are also firming up.

Trade less , trade wise .