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.
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.
