Nifty is racing towards an all-time high and in the current swing most of the price action happens in the form of gap up and momentum traders are in full enthusiasm to drive the markets further up. And almost all the higher timeframe signals are still pointing to buy mode. And even some of the lower timeframe signals are in buy mode however in terms of the time it is overextending.
Here is the recent quick flip signal on a 10minute timeframe in Nifty Futures went into buy mode on 18th Oct 2022. Since then it had gained almost 800+ points and in terms of time, it had crossed the 14th trading session.
What do you think when will Nifty Futures pullback? Before hitting an all-time high or after hitting All time high?
Any trend reversal odds could favor 18100 and 18000 levels in shorter term.