Morning update Thu, 18th Dec:

Morning update Thu, 18th Dec:

The market reacted exactly as mentioned. However it is observed that yesterday’s drifting had made many traders ‘biased’ again to add more shorts……………
The traders should prefer to exit shorts gradually (till Fri) and prefer to trade light for intra-day only till Friday as there are some chances for a bounce on Monday, the start of exp week.
For today’s trade (if holding shorts) one should use TSL to protect gains and prefer intra-day trades if TSL struck.