As expected NIFTY recovered from gap down opening.
Today also most of markets are in red and DOW is in marginal green. NIFTY might give positive opening but shall stay weak till it does not cross 5975 on EOD basis.
Till then it is advisable to hold short positions. Major trend is till down and it will be risky to take counter position.
Hold LT, DLF and TCS with lesser targets, 1375, 188, 1440 in cash respectively. Tomorrow after 2 pm we could see Friday effect. Hence, those like us are holding majority bear positions should somehow manage to held on to those till Tuesday. Market may take confirm downward movement after Tuesday but before that it could go up on hopes of good IIP data, inflation numbers, RIL AGM and last but not least our FM's statement to urge rate cuts!
One can book profit in BATAINDIA and GSK
Disclaimer: This blog does not take responsibility of your profit/loss
Today also most of markets are in red and DOW is in marginal green. NIFTY might give positive opening but shall stay weak till it does not cross 5975 on EOD basis.
Till then it is advisable to hold short positions. Major trend is till down and it will be risky to take counter position.
Hold LT, DLF and TCS with lesser targets, 1375, 188, 1440 in cash respectively. Tomorrow after 2 pm we could see Friday effect. Hence, those like us are holding majority bear positions should somehow manage to held on to those till Tuesday. Market may take confirm downward movement after Tuesday but before that it could go up on hopes of good IIP data, inflation numbers, RIL AGM and last but not least our FM's statement to urge rate cuts!
One can book profit in BATAINDIA and GSK
Disclaimer: This blog does not take responsibility of your profit/loss
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