- It will continue an over-heated trend until its next resistance of 40K where correction will be observed.
- Market will take a sudden reversal randomly above 38K to make a correction.
Overall, market move today warns of an impeding storm as it deviated from its expected healthy trend to hit the speculative line and speculative markets do not last long. Keeping trailing profit taking stops will provide maximum gains and protect from sudden market reversal. We expect correction period to coincide with FUT-NOV roll over period.