will nifty cross it life time high or not in few days

#9
Market is in intermediate uptrend and the money flow into the market by way of FII flows is good. So there is very good possibilities of making an all time high soon.

For a trader all that is important is to figure out whether the market is in uptrend, downtrend or sideways trend. All bad news giving dips in the market and those dips get bought quickly and market makes higher tops...that is a sign of a strong uptrend. Many will argue that this uptrend is not backed by fundamentals, lots of headwinds,this is a liquidity driven rally ....etc etc but who cares, prices can and do move in divergence to fundamentals for extended period of time.....bulls are making money and that is the final truth in the market.

Smart_trade
 

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