Nifty has touched 6000 comfortably and one might keep wondering Nifty is ready for correction.
Let's try to compare the present level of 6000 with that of previous time when it was at 6000. Last time 3 years back from 6000 it went up to 6357 (which is all time high) due to momentum but we can clearly see negative divergences in RSI and Stochastics with MACD very high. Hence we could see a huge fall.
But now RSI is bullish, MACD is positive and not over bought.
Any correction due to over heated Stochastics indicates a very clear 'Buy'.