Expect a flat or slightly +ve open for Indian markets and the nifty may try to retain levels for first hour of trade. Any indications of intra-day weakening post first hour should be used to add shorts / PE and the traders must book profits in shorts / PE at the end of day. The oncoming Monday indicates strong chances for yet another bounce and its better not to carry any un hedged positions.
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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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