FIIs are selling and DII are buying. FIIs sold huge in cash and F & O. NIFTY went up by about 100 points from the bottom. Are DIIs knowing more than FIIs this time?
Level 7820-7840 again proved to be important. But still, do not buy till NIFTY spot crosses 7940. Let us see whether FIIs turn net buyers tomorrow and then take buy positions.
Option table clearly indicates predominantly CALL buying and PUT selling, and this makes a case for further upside.
Support at 7800 and resistance at 8200.
No new trades. Hold bear positions till NIFTY convincingly closes above 7940 on EOD basis.
TATAMOTORS:
It showed hammer pattern today. A bullish signal. If one sees follow up buying tomorrow and close above EOD today then exit the strategy at around EOD at cost or at small loss.
Disclaimer: This blog does not take any responsibility of your profit/loss.
Level 7820-7840 again proved to be important. But still, do not buy till NIFTY spot crosses 7940. Let us see whether FIIs turn net buyers tomorrow and then take buy positions.
No new trades. Hold bear positions till NIFTY convincingly closes above 7940 on EOD basis.
TATAMOTORS:
It showed hammer pattern today. A bullish signal. If one sees follow up buying tomorrow and close above EOD today then exit the strategy at around EOD at cost or at small loss.
Disclaimer: This blog does not take any responsibility of your profit/loss.
No comments:
Post a Comment