NIFTY has formed one more hammer pattern today. Third hammer in four days. Today's low is again very important. So three lows 8063-8069-8074 is China wall now for bears. Do not short NIFTY before it goes below 8063-5/10 points. It could be suicidal.
NIFTY will attempt to move past 8165 maybe on opening (if supported by global cues) and again very quickly could see 8280 level tomorrow or by early next week, proviso China wall holds.
Buy on dips as soon as NIFTY comes near the wall with SL 8050 could be mantra for success.
Having said this there could be some trades in individual stocks.
Centurytex:
Buy 600 PUT between 9.30-9.90 For target 13.60. SL 5.60.
Disclaimer: This blog does not take any responsibility of your profit/loss.
NIFTY will attempt to move past 8165 maybe on opening (if supported by global cues) and again very quickly could see 8280 level tomorrow or by early next week, proviso China wall holds.
Buy on dips as soon as NIFTY comes near the wall with SL 8050 could be mantra for success.
Having said this there could be some trades in individual stocks.
Centurytex:
Buy 600 PUT between 9.30-9.90 For target 13.60. SL 5.60.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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