On Thursday, 29th, it was mentioned to go short / initiate PE. On Fri we got a gap down as expected and some traders booked profits at open itself. The recovery on Fri given excellent opportunity to add more shorts / average PE.
Today, expect yet another weak open and nifty will drift further. The traders may use any intra-day bounce to short again.
All shorts / PE should be covered at EOD. High risk traders may carry shorts in small qty for Tue.
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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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