Morning update Tue, 14th Oct

Morning update Tue, 14th Oct
In weekly views whatever mentioned for Tue initiated on Monday itself. The Dow futures turning bullish influenced short covering and the positive clues from Asians as well European markets supported nifty to cross the 3.5K mark.
Dow making a highest intra-day gain for past 69 years and followed by positive Asians open, the nifty would try to breach resistance levels 3600/3640 and even 3700 in the huge gap up open itself.
One may go long with this uptrend as already mentioned in weekly views but after 01:00pm, it’s better to use TSL for such longs. The trade above 3700 could incline many traders to initiate new positional longs but there is distinct possibility to get trapped very next day (Wed).
To save the earned profit is more important than trying for more. It’s better to exit all such longs / calls before EOD and high risk traders can initiate shorts / puts.
Tomorrow (Wed) indicates strong chances for a ‘fall’ in all markets including Dow.