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- I have been traveling a past few days. Celebrated Janamashtmi with family.
- Jerome Powell in Jackson Hole symposium told that It would be dangerous to pull out the QE as well a stimulus measures too early, so markets rejoiced and made another all time highs.
- Nifty is now close to 17k and Banknifty also broke out of the consolidation range of 36000.
- I have sold puts and i think, the range breakout may take banknifty to 38k in no time as short covering foo buying may kick in now.
- FII turned net buyers after a long time of selling.
- Almost all sector indices are looking very bullish, which could mean that the pace of bullishness may pick up now.
- Looking to sell puts now from the breakout point.