Morning update Wed, 31st Dec:
Expect a positive open for Indian markets and the trade within few minutes after open would decide the trend for rest of the day. With low volume trade, the traders should trade light and with strict SL.
One may initiate longs / 3000CE with strict SL for intra-day trade. If nifty sustains over 3K, one may carry these longs / call for Thursday, 1st Jan or one may re-initiate on Thursday open.
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DISCLAIMER:
Investment in stock markets is very risky(so it is always better to advise others than trading own). Any analysis is not 100% accurate and for best results, always check charts (?) before investing or trading. No responsibility is assumed for any adverse consequence resulting out of acting on them. Lastly, the blogger may have positions (opposite too) in the trades mentioned in this blog.
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