NIFTY is in negative territory.
If it goes below 7730 (approximate Bollinger band support), then further slide is likely.
S&P 500 is below 2000 after long time (while I'm writing this blog post) and historically it had reversed from this range. Keep an eye on S &P 500. If you see tomorrow morning it is substantially below 2000 then don't continue your long positions. If it is above 2000-2010, reversal is possible from this level of NIFTY.
LT
Sell Future and buy CALL 1250. Maximum loss will be around 4500 but unlimited profit potential.
If LT opens below 1250 or goes below 1250 tomorrow (Tuesday 5 Jan 2016), then only enter in to the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
If it goes below 7730 (approximate Bollinger band support), then further slide is likely.
S&P 500 is below 2000 after long time (while I'm writing this blog post) and historically it had reversed from this range. Keep an eye on S &P 500. If you see tomorrow morning it is substantially below 2000 then don't continue your long positions. If it is above 2000-2010, reversal is possible from this level of NIFTY.
LT
Sell Future and buy CALL 1250. Maximum loss will be around 4500 but unlimited profit potential.
If LT opens below 1250 or goes below 1250 tomorrow (Tuesday 5 Jan 2016), then only enter in to the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
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