After the rally of past few weeks, both GIC HF and PNB HF are showing weakness in near term. View remains same as before but I will keep watching key support levels and act accordingly.
We have a largely sideways market trapped between nifty levels of 17770 on downside and 18250 on upside. Till we have a clear breakout on either side, it will be difficult to take a call on market direction. My guess is if we breakout on upside (needs to be seen), then all these bullish patterns will play out, otherwise there can be breakdowns and false breakouts. Seems most market participants are jittery even on days when nifty is up or sideways.
@saurabhshares I don’t track Dlink…
@arjunbadola I am not into ETF investing, so not much idea about the strategy.
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