At least for tomorrow NIFTY should open in red and stay under pressure till Europe opens. Later it will be driven by directions of EU markets.
There is breakdown in RSI daily. A kind of negative divergence and this should drag NIFTY.
But FIIs are buying. One most important thing happened today was NIFTY bounced back from 61 EMA in hourly chart. So as long as it stays above 8180-8185, it will move up for sure.
All bear positions including recommendations below to be entered only if NIFTY goes below 8180-8175.
Two trades below look promising.
Disclaimer: This blog does not take any responsibility of your profit/loss
There is breakdown in RSI daily. A kind of negative divergence and this should drag NIFTY.
But FIIs are buying. One most important thing happened today was NIFTY bounced back from 61 EMA in hourly chart. So as long as it stays above 8180-8185, it will move up for sure.
All bear positions including recommendations below to be entered only if NIFTY goes below 8180-8175.
Two trades below look promising.
- Buy BankNifty 17600 PUT between 240-260, SL 190 and Target 315/385
- Buy YesBank 1000 PUT between 11-12, SL 7/-, Target 15.20
Disclaimer: This blog does not take any responsibility of your profit/loss
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