Mentorship InstaView 06 Sept’21: Was it an Exhaustion Gap today?

 Nifty View: Yet another positive daily close for the benchmark Nifty index in today’s session - up close to half a percent to end above 17,400. We had a gap up opening today post which there was a definite lack of follow-through buying which has lead to a small bodied daily bar. We have also noticed profit taking from most large cap index stocks like RELIANCE which have slipped from their respective daily highs. Can this lead to a short term top and eventually a correction this week? Please watch the video for a more detailed analysis.

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