Nifty has slipped into a very weak territory. The second day of weakness broke the back of the markets. And the fourth day, that is on tuesday it was the complete collapse. Now expecting some recovery from tomorrow, however any move up on the nifty will be a good time to short the nifty. Its only if the nifty goes above 6140 then only longs can be considered, else it is a perfect time to short the nifty on any rise.
Also what is interesting is that FII's have sold huge call options at 6100 so that should act as a top for the markets.
The long term outlook of the market remains positive until Nifty breaks 5400. which seems to be a very long distance away.
1 comments:
The blog is very informative and user friendly created by the webmaster,we would also like to share our experience on this blog
As such we all had seen 5% correction in bse so this is the right time for the investors to take positions for handsome returns,no doubt everyday the market is giving opportunities to
make money provided you are taking timely entry and exit from the positions
Regards
www.knowyourprofit.com
+91-9871142419
Post a Comment