Yesterday it was clearly mentioned that “There are some chances for ‘heavyweight’ induced bounce which could be further used to short again”. Expect a gap down open today and those who have shorted at EOD (y’day) should use a close TSL to save profits after open. The traders may hold shorts / PE as well add more on intra-day bounce to cover at Fri EOD.
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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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