Nifty - Caution
With the Nifty making new highs but struggling to get any follow thru moves.
There is a divergence on the RSI so if we get a couple Red Candles we could get a reset.
Additionally with the markets doing so well this past week a cool off wouldn't be a bad thing.
Watch for a cool off from Tomm/Monday.
In that case a trade I might look at is to short the nifty (Mostly Intra-day) below 23365 with a SL above 23400.
There is a divergence on the RSI so if we get a couple Red Candles we could get a reset.
Additionally with the markets doing so well this past week a cool off wouldn't be a bad thing.
Watch for a cool off from Tomm/Monday.
In that case a trade I might look at is to short the nifty (Mostly Intra-day) below 23365 with a SL above 23400.
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