Nifty is at the resistance line. Hence Monday price action becomes critical. Though volume has been on the decline in this upmove. The trend of lower low and lower highs has been broken though the friday was a bullish engulfing pattern. We will wait for price action on Monday to show us the way.
According to the Bradley model we might have see the top for the month. But we need the prices to confirm. We would not jump the gun in predicting the prices.
Arvind looks like a candidate where one can take longs.
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