Market is technically at all time high but valuations are stretched beyond highs.

Also combined market earnings of nifty stocks is not rising.

this is a cause for concern, since growth is not taking place.

So while money flow can keep market afloat and up, any unpleasant election outcome or global scenario or weakening technical structure on longer term charts can upset the upside.

Hence caution is advised with suitable profit stops in place.

For the past year getting many indications that nifty may be heading towards 9300 and 8600 if it breaks 10700 and stays below it.

While this may be a speculation at this point of time hence caution is advised in taking any such positions in market based solely upon this.

We may need fundamental data or domestic or global markets going bearish to support such a movement.