Unfortunately..

At the same time got busy in some stuff..

When the candles formed..

and

Missed BIG in CE's..

Just now seeing..

👇👇👇

Shared in afternoon too that time..

Nifty reversed from 20 SMA on 15 minutes and continued..

but missed fully as got engaged in something at the same time......

and

indeed a reversal in many stocks..

but in which stocks..??

??

On a glance..

What I could see is..

Mostly it was Banking and Financial Stocks..

which got spiked..

........

Non-Frontline / IT / FMCG etc..

were still weak.....

and are still weak..........

#M

but

indeed..

One question in minds of all.....

What next after such a BOLD move..??

???

Are we heading towards life time high..??

Are you thinking this..??

???

Then

My answer is NO !

#M

My view is still same as told earlier..

Let me point again..

What my experience says is..

as said earlier too.....

Market has got stuck now..........

Neither life time high will cut easily......

Not deep down crash will happen.......

Will move in range...... up down up down.....

May happen 1-2 years or more.......

Cycle is over now........

#Reminder
#View
#MarketViews

Indeed..

Today Nifty closed 461 plus..

but

Don't imagine life time high as of now..

No..

#M

It's not that easy road ahead to life time high..

I don't see on charts as of now..

#M

One day moves..

Don't decide the BIGGER pictures..

Always remember this !

#M

There have many small small rallies in last 3 months..

...........

In fact..

April full was almost a rally..

and

Told that time too..

These are not signs of bull run..

and

Post 15th May, it was clear..

and

Last 1 months almost.. we tumbled good across.......

#M

Same way.....

One day moves.....

due to XYZ Factor...........

Don't call up a bull run.........

...............

Bull run's are not triggered by news.....

#M

Which news was there in IT on 2nd June..??

and

Why IT fell badly post 2nd June..??

#M

In short..

Today indeed, they gave good upside..

One day move..

in 90 minutes.....

BOLD move..

but

It was one time and one day move........

..............

If someone thinking Life time high etc.....

I am not still not in favor of life time high and all........

#M

Old learning......

The moves which sustains are always snake type......

and

Not fast and furious......

.............

Go and check even previous rallies.....

They happen slowly.......

and

not with aggressive candles.......

No......

#M

but

Really regret of today's upside missed..

Just now seeing on charts..

After 2:15-2:20..

It was very clear for more and more upside..

towards 23600 plus..

and missed fully due to engagement in something at the same time.....

#M

Rest..

will see on Monday.......

#M