Morning update Wed, 19th Nov:

Morning update Wed, 19th Nov:

Yesterday, it was mentioned to exit all shorts to reinitiate fresh on Wed.
With rebound at Wall streets in last hour as well Europeans closing in +ve influenced a distinct possibility for some bounce in Asians today morning but Asians opened flat with slightly –ve bias.
Today, it could be a ‘range-bound’ session with some volatile moves suitable for intra-day trade and traders should concentrate on most likely fall on Thursday and trade according.
But there are some chances that the anticipated fall may initiate today itself in accordance to other Asian counterparts. The trade below y’day low would push nifty in ‘gap-zone’ and nifty would continue its down move till 2540 mark as mentioned yesterday.
Today, the traders should carry their ‘shorts’ / puts to cover on Thursday. (Gap-down possible on Thu)
 
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