Nifty has been making higher high week after week. Most of the nifty 50 pack scrips are trading above 200 DMA and still moving up. This is mainly due to too much of liquid funds available in the system and all the sectors are supporting the index on a rotation basis.
Bank nifty has just crossed 30,000 last week and there is still more move possible in the same as we have seen 33,000 level when nifty was at 12430 in January 2020.
We may probably cross 14,000 by 24th December 2020.
Do not short the index as the bullish trend is intact.
When you see nifty trading near 13675 today, buy it with a SL at13550 for a target of 14025
Good Luck!
