we have crossed 61.8% retracement lvl of fall from recent top of 14931 to 13500 and moved ahead and we are closer to recent top.as mentioned in last update now we will be in last part of upmove from 8k.we r in uptrend for 12 weeks ,next week 13th a fibo no.we r in uptrend for 7 months, june will be 8th month since bottom,again a fibo no.
daily rsi near 73.weekly rsi near 74.so we r getting OB. so risk reward ratio not in favour of buying for short - medium term.so better to book profits in all rises in coming days or to trade intraday only so we r not stuck with high priced shares.or move to low beta stocks in fmcg or pharma sectors like colgate,hul,itc,glaxo pharma,cipla.
as mentioned in last mail now 14931/15107/15580/16k. will be very very strong resistances.
