quote

To be successful, you have to
understand that trading is NOT
about picking highs and lows,
it's about making money."
- Mark Minervini

crude

crude made a new high at 90. most crucial resistance s lie at 94-97 band and which will be decisive for any further rally in crude.

also most news items and analysts expect crude to remain firm, which is an obvious reaction for say crude at new recent highs.

nse

indian equity stocks are weaker than normal. hence consolidation has not begun yet.

logically expect more lows perhaps 5550.nse by failing to cross 6080 has shown weakness .

in a larger context , sectoral rotation has to happen now, since the banking sector which has lead this rally along with autos cannot lead the next phase up.