Morning update Mon, 8th Dec:

Morning update Mon, 8th Dec:

In the weekly views of last week it was mentioned to exit all shorts for the possibility of a bounce on Friday or Monday. It was also mentioned that (However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again)
Today, expect a +ve open above or around 2.8k levels followed by a volatile session ahead.
The traders should prefer intra-day trades initially and use the probable intra-day high (within 1st hour of trade) to initiate positional shorts/ put near to index value.
Tomorrow, it’s a trading holiday for Indian markets but all Asians are expected to trade weak tomorrow followed by Europeans and Dow.
In order to balancing with other counterparts, Indian markets may start drifting from Wednesday and the positional shorts initiated today could be in good profits.