Morning update Wed, 14thJan:

Morning update Wed, 14thJan:
The last hour recovery in dow and +ve futures along with Asians trading firm this morning have influenced a pause for further drifting in nifty. Still no major up move is expected in initial hour and traders should try to reduce short / PE positions in the first hour of trade as well use close TSL for rest of the session. There are some chances for ‘heavyweight’ induced bounce which could be further used to short again.


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