Expect a flat open followed by some volatile movements initially. Yesterday, it was mentioned in chat room to book profits in short / PE and re-initiate today on any bounce. Those who are holding shorts / PE should use close TSL to save profits and if TSL struck, one may re-enter on some bounce. The traders should re-enter in short mode or in PE before Europeans open and hold for Wed open. The nifty may start further drifting after Europeans open and for tomorrow, there are some strong chances for a gap down open.
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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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