FIIs are selling. Recovery in oil may not be good for "achhe din". This rally could halt at around 8300-8370, which is about 50-61.8% retracement from 8626.
If NIFTY reaches there (8300-8370) it is advisable to buy PUTs.
Only three days are left for December expiry, there is no point in doing anything silly and lose money.
Just stay calm. Look for shorting opportunity (ie buy 8300 PUTs) if NIFTY goes to 8350.
Disclaimer: This blog does not take any responsibility of your profit/loss
If NIFTY reaches there (8300-8370) it is advisable to buy PUTs.
Only three days are left for December expiry, there is no point in doing anything silly and lose money.
Just stay calm. Look for shorting opportunity (ie buy 8300 PUTs) if NIFTY goes to 8350.
Disclaimer: This blog does not take any responsibility of your profit/loss
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