Both nifty and banknifty made new high, the uptrend looks quite strong. Today both index closed in big red candle.
I want to know whats your approach about current market scenario or what you wanna suggest…this trend will remain intact or both indexes are entering at some sizable correction?
As we are in extremely strong bull run, my assumption and expectation is
Best of the current bull run is mostly done. We will see upmove for sure but the pace of it should be slower.
Bigger downside is possible in stocks which have run far ahead in the last few months.
Large cap stocks looks like safer bet
probably we might have seen temporary top in small and midcap companies