Market Traps

Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.

Unless a stock shows breakdown underneath the previous support level decisively, avoid it.

Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead

A decade ago, many investors had entered a rising market and lost significant wealth