Nifty showing signs of continuing bull run and making ATH
A little non-streamline opinion again, ppl are carrying shorts due to formation of doji's in Nifty, but personally I feel we are still in very strong trend, yes there are very less chances of repeating things like "Only 4 times nifty given 6 continue +ve close in 2019" up and it can be very sharp correction when it comes, but I feel that will come after ATH, or at least near 12075-12150. So expecting rally till at least 12075.
Reason for my opinions are simple, I see very strong ichi cloud there and price didn't even manage to touch it on last dull Friday, its a sign of buying and till that buying is there one can assume that trend will be kept. There is reason why following trend is most rewarding strategy after all. It keeps complications limited and gives maximum RR without you actually having to judge tops and bottoms, that's a game for different league of players, we are trend riders, so we should ride them till strong sign of reversals. Carry strict SL around Friday low for positional till we hit ATH, if we slide above 11955 you can shift SL to there and hope to catch maximum of rally till ATH.
Reason for my opinions are simple, I see very strong ichi cloud there and price didn't even manage to touch it on last dull Friday, its a sign of buying and till that buying is there one can assume that trend will be kept. There is reason why following trend is most rewarding strategy after all. It keeps complications limited and gives maximum RR without you actually having to judge tops and bottoms, that's a game for different league of players, we are trend riders, so we should ride them till strong sign of reversals. Carry strict SL around Friday low for positional till we hit ATH, if we slide above 11955 you can shift SL to there and hope to catch maximum of rally till ATH.