Morning update Tue, 18th Nov:

Morning update Tue, 18th Nov:

The recovery (?) seen in yesterday’s trade from day’s lows has trapped some as well influenced a ‘fake’ bullishness for many.
But this week is certainly in favor of ‘Bears’ and those who are holding ‘shorts’ or ‘puts’ need not to worry much.
However one must book profits regularly as well try to exit by EOD for today.
Today, nifty may open weak and trade in a volatile way with –ve bias. In spite of such volatile moves, if nifty manage to break y’day low of 2694, there are strong chances that nifty may retest the 2540 mark or even lower up to Thursday closing.
 
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