FIIs are buying.
NIFTY has conclusively closed above 8250 on EOD basis.
FIIs are buying for last consecutive 8 sessions in cash segment. Global markets are supporting NIFTY. Even now (19 October 9 PM) SGX NIFTY is in green, DOW is in green. If this remains so, there is no doubt that NIFTY will cross 8300.
This triggers reason for exiting from all bull positions.
We hold bearspread position of NIFTY.
But there is high likelihood NIFTY might correct very soon.
Reasons are:
So just be in existing brearspread trade in NIFTY. Those could not enter earlier could do so early trading hours tomorrow. No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss.
NIFTY has conclusively closed above 8250 on EOD basis.
FIIs are buying for last consecutive 8 sessions in cash segment. Global markets are supporting NIFTY. Even now (19 October 9 PM) SGX NIFTY is in green, DOW is in green. If this remains so, there is no doubt that NIFTY will cross 8300.
This triggers reason for exiting from all bull positions.
We hold bearspread position of NIFTY.
But there is high likelihood NIFTY might correct very soon.
Reasons are:
- Volumes are not supporting
- Locally things are not great.
- Rate cut is digested by market and BN is not supporting NIFTY.
- Today, it could be just aftermath of Reliance results.
- Rate hike by FED will again could come on surface.
So just be in existing brearspread trade in NIFTY. Those could not enter earlier could do so early trading hours tomorrow. No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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