I am not bullish in the market. Even if the techincals are suggesting me to go long, i am not at all comfortable with that. For last couple of weeks, market is at all time high. A little correction is what i am expecting. Although i work on purely techincals to trade. I havent got any buy signal or sell signal on nifty. But at these high i am looking for all the shorting signals only. Check my trades in last few sessions. All are shorting trades, while market was trading higher.
Same is my view for axis bank. Closing above 1373 can be a good go for axis bank to breach heights, but i wont take that signal. As of now if talking about axis bank i am looking for a break of 1318 for it to move down or whatever be the support that time. I will update if i got any good feeling of shorting it. Till now, nothing like that.