As mentioned in last post HNI and many people saved by Fed chief .The excess liquidity from fii fired nifty at 5200 which was mentioned in 11th august post that close above 4610 will lead to 5100 plus in no time.
Now time has come to book profit in FNO and cash positions at once.
As market is heading in super bullish zone which is more of bubble than any real bull run.
Market are more on steroids so its difficult to ascertain how long it will last.
As more flow of money from FII with any next rate cut may even take nifty to 6000 as dollars will be parked in EM for short term.
However there is risk that this short term euphoria or bubble may burst sooner than expected due to political uncertainty in India.So its better to book profit once and trade intraday for sometime.
