Today Nifty Future opened with a gap and made a low of 5363 and bounced back in the opening session. 5365 as i said yesterday in my views..
For tomorrow. I would not advise any long positions.
For tomorrow. I would not advise any long positions.
One can continue the short position with stop loss of 5454. In case market is able to cross this level, Nifty Future can come up to 5490 level to test the trend line and once again turn down after making a double top. I would give very low probability for this to happen.On the down side, Same i said yesterday levels it will find support at 5365 and if this level is broken, it will go down to 5300 - 5240.
I would recommend to even buy some put options on SBIN because the rally is extraordinary and we have seen correction also. At the same time I am seeing that this current rally is backed by short covering and not by the real buying.
Hi Sir , pls advise which PUT options to buy in nifty and SBIN for this downtrend. also should we go into sept. options. Please advise levels so that we can buy in parts.
ReplyDeletek
ReplyDeleteUma
ReplyDeleteI have IFCI 65ca@.80 buy and 70ca@1.05 buy paisa and sbin2500pa@42 buy and ril 980pa@sell@15 rs.all are in loss... what to do... shall i hold till expiry
Reply soon if possible
EXIT IFCI ... i m not expecting big upmove in IFCI
ReplyDeleteSBIN broken main resis levl 2587 ...bellow that only SBIN weak ... above tht very strong. So.. decession yours.. trade acording levls.
RIL looking weak at this levl .. my Ril ultimate target 880 ....may b you can get cover tht put anytime...
please guys trade with levls ... don't trade blindy ... this is my advice.