BUBBLE INDICATOR : INITIAL BEAR BUBBLE

July 26, 2018

NIFTY has crossed 11,171 which was previous high formed in January 2018 but this time our indicator has spiked like previous thus, we do not believe its going to see a drastic fall but some initial bear bubble formation has taken place . We believe it is important to have initiate some profit booking in large caps. Big trigger for this spike was GST council decision of rate rationalisation and voting pattern of No- Confidence Motion which seems to be played out. 

 

Hence , we believe some profit booking to take place before another movement comes.

 

 

 

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