Nifty Gaped up and continued moving in one direction. I was thinking about this kind of day for last 3-4 sessions, but never imagined such a strong momentum. I could not capitalise this move fully. Ended the day with normal profit.
There are few points to keep in mind.
1) VIX did not fall proportional to this strong move.
2) 9100 continues to be strong resistance overhead.
But overall, this day will change view to bullish from consolidation for few days.
There are few points to keep in mind.
1) VIX did not fall proportional to this strong move.
2) 9100 continues to be strong resistance overhead.
But overall, this day will change view to bullish from consolidation for few days.