DJ futs flat. Regional mixed.Our mkts continued to build on recent bull sentiment. Cash +992.68/+14p. Above 982++, is bullish market.
FKLI touched 1000. Immediate support is raised to 985. Above this is bullish.
Many retails tempted to sell as price is too "high". Unfortunately mkt itself does not recognize high or low. What is important is – MOMENTUM. At moment, momentum is very positive and bullish if1000 breaks on Monday. You would be surprise how far it can go if 1000 breaks on Monday. Still want to sell ? fine..look for major resistance to sell, say 1030-1050 weekly range or sell if 7SMA fails to hold but not “somewhere high here and there “
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