Nifty after bouncing to 5860 (exactly near our pull back level of 5850-5880) has fallen back to sub 5650 levels, pretty close to our short term positional target of 5450-5550.
Note: 5600 put options have witnessed a huge build up of open interest in the current series indicating some support at those levels.
Current View :
Keep your eyes open, a short term BUY maybe on the cards if Nifty falls further to our STPT of 5450-5550.
Dear ankit,
ReplyDeleteAt least a sigh of relief for butchered Bulls after reading your following: :))
Current View :
"Keep your eyes open, a short term BUY maybe on the cards if Nifty falls further to our STPT of 5450-5550."
@ mynac
ReplyDeletelet the Bulls have the micro and the Bears gallop the Macro :)