NIFTY in the latter half of last week was trading on overbought levels rsi > 84
Profit booking is/was expected
Possible trade setup
Buying around 17400 / 17200 levels may happen
selling NIFTY won't be too profitable as selling something in a bull run is quite risky, so my pick would be to buy NIFTY around support levels in small quantities, chances are high that NIFTY may consolidate near these levels, so choose your instruments wisely i.e., buying options and holding it for long may eat up profits due to time decay
Happy Trading
Profit booking is/was expected
Possible trade setup
Buying around 17400 / 17200 levels may happen
selling NIFTY won't be too profitable as selling something in a bull run is quite risky, so my pick would be to buy NIFTY around support levels in small quantities, chances are high that NIFTY may consolidate near these levels, so choose your instruments wisely i.e., buying options and holding it for long may eat up profits due to time decay
Happy Trading