NIFTY is consolidating and showing all signs of up move any time but it is not happening for long. Today even FIIs were net buyers in cash after 13-14 trading session though net buying is very small. NIFTY is bouncing time and again from trend-line supports. Tomorrow (Thursday) trendline support is around 7908-7913.
So far for us except Dr. Reddys all trades are working fine.
- Dr Reddys has given dead cat bounce but if it goes above 3330, better to exit the trade. Alternatively keep stop loss of Rs. 5k-6k which is around 112-115 for 3300 CALL contract.
- Continue trade in DishTV strategy,
- Continue SBIN, TATAMOTORS and BN combined trade strategy.
No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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