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Is the time right to book profit in Nifty stocks? Here's what charts say

Is the time right to book profit in Nifty stocks? Here's what charts say

The ongoing trend in the indices suggests resistance at higher levels, although they are not indicating any correction as higher levels are tested again and again. It could be a case wherein the selling pressure is getting absorbed; however time will unfold the next move.   During the uncertain scenario, the question arises as to what should be done to safeguard one’s investment in Nifty50 stocks. There are eighteen stocks in the index which are trading near their 52-weeks high and two of them are close to hit a new high (Kotak Mahindra Bank and Larsen and ...