Nifty Hits 5500!!!
The markets have been completely smashed out of place after the RBI rate hike and the swift nature of the fall is an indication that markets may move lower than our targets of 5450-5500. One can book out shorts at 5520 Our tgt is acheived and we've recorded a massive 400points on our short. Any bounce may be swift and volatile. Shorting will be advisable only if markets take a reasonable bounce with a small and strict sl. However, 5200-5300 remains a good support area for the market. Any further fall to those levels can give a good buying opportunity. Keep your eyes open!!
5920 Short Closed - Reward : 400points
The markets have been completely smashed out of place after the RBI rate hike and the swift nature of the fall is an indication that markets may move lower than our targets of 5450-5500. One can book out shorts at 5520 Our tgt is acheived and we've recorded a massive 400points on our short. Any bounce may be swift and volatile. Shorting will be advisable only if markets take a reasonable bounce with a small and strict sl. However, 5200-5300 remains a good support area for the market. Any further fall to those levels can give a good buying opportunity. Keep your eyes open!!
5920 Short Closed - Reward : 400points
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