Markets continue to stretch on positive numbers. European quarterly numbers propelled the market yesterday. But chinese productivity contracted and this was taken as a positive by the market as china's central bank might not be ready for a rate hike. While the market's rationale till that point is correct slower economc growth will soon reflect in lower corporate profits and the same will be reflected in quarterly results.
Book part profits in the current upmove and enter at lower levels
Nifty August Trading Range Seen 5200-5550 Try to hedge / play in this level,Short at high & Buy at low