Not much trouble or discomfort in terms of daily change, save those who watch intra-day moves.
The PIP graph is much higher time frame and hence much calmer, large Maribouzu, series of hanging man (wrong to term them with that name as it is not toppish yet). Yesterday move looks some profit taking at higher area than anything else.
What is more important there are spaces where market will respond to divergence and then there are spaces without any warning market would move.
Powell "Testimony" later in the day, CPI from Mexico, US China to watch tomorrow.
Results season is the only one in addition to the Budget expectations. Sans there no local triggers.
Lots of euphoria getting lower in the decibel, it is turning to the actual earnings in the end.
No real triggers as of now, some sector rotation in the play, for a change there can be down side rotation than upside. Auto appears to be on the soft pedal.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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