we have closed today near upper boundary of the 14600-15000 range. its highest closing since long time in our mkts.crossing of this range can give move of 200-500 points but this upmove shd be used for profit booking.
rsi values are dly 76 and weekly 77.-ve divergence still continues.
moves in defensive sectors like fmcg and pharma are seen which are normally seen at the end of a rally.euphoric buying is seen in mid n small cap stocks irrespective of fundamentals.
PE of indices have crossed 20+lvls which indicates stretched valuations.
we are in fibo time clusters as discussed in prev mails.do not get stuck with high priced shares.
on crossing 15k boundary mkt has reached near 15250. it is becoming more n more dangerous to be on long side.
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