WEEKLY VIEWS:
The week started with +ve bias initially to lift nifty above 2.8K mark in the initial trade of Mon but failed to sustain above 2800. The oncoming Tue & Wed indicates further weakening and the positional traders holding short positions may hold shorts(with TSL) to cover on Wed at EOD.
On Thursday, one should prefer intra-day trade only and exit all shorts before EOD as the Fri indicates strong chances for a bounce. However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again.
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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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