MONTHLY ANALYSIS (DECEMBER)

MONTHLY ANALYSIS (DECEMBER)

We have seen Nifty break all time highs and has continued to stay at the highs untill end of November. The big red candle indicates a half or partial profit booking of Bulls for the long positions until now. But it does not necessarily mean a start of a downtrend. The Indian index is still highly Bullish untill it breaks down and closes below 12700 levels for a retracement in Index.

As Nifty seems to hover around all time highs. It is primarily advisable to keep strict stops as the volatility will likely continue until a proper retracement happens.

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