NIfty Long - OVER 550+ POINTS BOUNTY

8 Des 2020

Over the last 12 days we have received over 550+points as bounty in Nifty Longs. We are near our last target and I am expecting another 50-100 more points but now the breadth seems awfully overburdened and hence we can expect some minor or routine correction. I am expecting a sector rotation to happen now as we cuould see many pharma stocks breaking out of consolidation yesterday and relative strength of Pharma wrt Nifty is on a roll. I have not yet seen any signs of reversal or short and when I do I will post a chart for short.
Kindly see our journey over the last 12 days through the posted charts