Nifty has a resistance 17950 and 18k
Bull will try it's best to cross that
Let's see this
Today Bank nifty has a full support
In my view there are no fundamentals to support this kind of bull rally
This is one kind of Harshad rally with no fundamentals
I don't see any logics here
ITC whose profits are mind blowing but not able to give good returns in 5 years
and companies like with no fundamentals are having 2-3x returns
If you look at companies profit most of them haven't crossed "before COVID profits"
Yet market has returned 2-3x returns in a 6-12 Months
Intraday SELL is below 17900 tgt 17800-17500
Happy Investing and Trading
Bull will try it's best to cross that
Let's see this
Today Bank nifty has a full support
In my view there are no fundamentals to support this kind of bull rally
This is one kind of Harshad rally with no fundamentals
I don't see any logics here
ITC whose profits are mind blowing but not able to give good returns in 5 years
and companies like with no fundamentals are having 2-3x returns
If you look at companies profit most of them haven't crossed "before COVID profits"
Yet market has returned 2-3x returns in a 6-12 Months
Intraday SELL is below 17900 tgt 17800-17500
Happy Investing and Trading