NIFTY

So finally nifty has touch 5900. I was saying that nifty will touch 5900 when everybody was saying that it will break up to 5000. Now we can clearly see the level of 5900. Now the biggest quation is what after 5900 will it make a new life time high. This is a question which comes in my mind from past 3-4 trading days as i didn't see any clear indication. So i was in a wait and watch situation. Now after a very narrow range at 5900 finally i have seen some -ve signals. KST is also showing us a -ve crossover and RSI has also coming down from that level which suggest a profit booking from the 5900 level. Rising volumes are also showing that despite of net buying by the FII still we can see a 3 consecutive -ve candles. So volumes are also not favoring bulls. So my for nifty for the next few days is:

Sell Nifty Cash around 5880-5900 SL Above 5940 on closing basis Target 5700-5500

Time Frame 5-10 Days