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market is in correction mode due to weak global cues . some huge selling pressure coming in big counters ....bt in my view no problem for bulls above 4385 ( closing basis ) . buy on dips is my mantra bt plz put strict stoploss in ur each and every trade as market is very volatile in these days .
1. plz put strict stoploss .2. safe trader squreoff his/her 50% position when 1st target achieved and raise stoploss to ur buying or selling price for rest.
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Although market has still not lost the steam, but nifty may touch 4375 level, today's drop was more or less fueled by reliance case, otherwise market would have traded in 4525 - 4600 range. Despite some bounce back in last half an hour of trading on 15th, I think market will retract towards lower side on Tuesday. If it sustains 4465 level or below for 5-10 mts, a comfortable short can be made, because next major support is at around 4375 only. On the upper side buying is possible above 4525, with a clear exit at around 4580, heavy selling is expected around and above this point. Trade only after 10:15, by then trading movement will be clearer.
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