State of the Market|Reading the Psychology of the market

Nifty has been on slow and steady upmove since last many months. Every new high has been a quiet affair and Nifty has not runway after moving to new high. Going by the past behaviour - this is what one can make out - There is strength in Nifty - a required condition for bullish setup in the market BUT no momentum. The 5400 fence was broken day before yesterday and that’s all what counts.

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