Nifty has had a non stop rally for the last ten day , usually going by history the maximum continuous up days are limited to 7-9- 10 and 13 days before the rally stops.Therefore, its time to tighten your seat belt, take money off the table and wait for low risk opportunity.Nifty has now strong base at 5400 and 5550-5600 can be retested.
Bank Nifty has been the leader and it has not made new high for the past two days.Time for correction ? Well, if it closes below 11900 then only we may see some weakness creeping in.
Our list of momentum stocks which we discussed on this blog on 5th September has outperformed the broader market.
Wednesday, September 15, 2010
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