Nifty 4th December

Dec 3, 2020

Today's market was range bound due to expiry but but tomorrow we can see a trending market. I'm still positive on the market as this market rally is basically fii's buying and they bought 3500 Cr again today, the option chain has has slightly more put writing than call writing but basically the option chain data is inconclusive. All the world index's are hitting all time highs day after day and yes the markets are overbought but that doesn't mean you should start shorting the markets just go with the flow and keep trading intraday considering the daily trend but keep in mind that there's gonna be a bullish reversal everytime the market turns red. It's literally a bull market and shorting is just stupid. USA stimulus and all that, though USD was weak af today yet the fii's bought. Markets might correct after the stimulus runs dry when everyone realises that we can't pay back the Loans and keep supporting a bull run but the last pump got us here guess where another pump could take us
This market would bring back Harshad Mehta from the dead