NIFTY is not willing to bow down. Today it halted on lower channel support. Tomorrow 8200 level is important to watch.If it goes below 8200-8180 band then only floodgate would open for downside otherwise uptrend would continue.
FOMC meeting is being held on 27/ 28 October and coupled by expiry date, big volatility could be expected on the last day.
It is better to stay away.
Be very light on CALL/PUT sell positions. Market is looking for an opportunity to blast on positive side.
FIIs are buying, historically especially October and many times November are good months for the market.
For investors, 8450-8500 is very critical level for NIFTY. If it failed to cross this layer then it then in 2016, downfall till 6640 can not be excluded. Keep accumulating good stocks for long term investment.
Those who can not stay away from trading they can buy DISHTV PUT for strike price 100 at 0.20/-.
Disclaimer: This blog does not take any responsibility of your profit/loss.
FOMC meeting is being held on 27/ 28 October and coupled by expiry date, big volatility could be expected on the last day.
It is better to stay away.
Be very light on CALL/PUT sell positions. Market is looking for an opportunity to blast on positive side.
FIIs are buying, historically especially October and many times November are good months for the market.
For investors, 8450-8500 is very critical level for NIFTY. If it failed to cross this layer then it then in 2016, downfall till 6640 can not be excluded. Keep accumulating good stocks for long term investment.
Those who can not stay away from trading they can buy DISHTV PUT for strike price 100 at 0.20/-.
Disclaimer: This blog does not take any responsibility of your profit/loss.
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