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Share it on FacebookBUY ABV 3640 SL 3622 FOR A TGT OF 3651.85 - 3673.90 - 3690.55 - 3711.55 - 3736.25
SELL BELOW 3610 SL 3624 FOR A TGT OF 3598.05 - 3582.45 - 3573.65 - 3560.25 - 3540
KEEP STRICT SL AND TRAIL
HAPPY TRADING
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Huge short positions were taken yesterday near 3700 levels, that was the reason for 50 point fall in a single 5 min candle, which is not seen very often. However that was attributed to basket selling by Institutions and retail guys were left out of the game. But huge short positions were created for sure, so we can anticipate 3700 as very good resistance for the near term. On the downside if this breaks 3500 then we can see some more downside , else see saw between 3500-3700
MARKET DATA...
NIFTY FUT OPEN INTEREST DOWN BY 5.14% WITH 17% INCREASE IN VOLUME INDICATES LONG POSITIONS ARE SQUARED OFF. BUT NIFTY FUT STILL HAS A PREMIUM THAT INDICATES SHORTS POSITIONS ARE NOT TAKEN. DID ANYONE GET TIME TO TAKE SHORTS ?? I THINK SO... VIEWS OF MEMBERS ARE WELCOME... THANKS.
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