Morning update Thu, 5th Mar:

Flat open, Prefer intraday trades only & risky trades may carry long for Friday. The Fri bounce must be used to exit all long positions if any as well initiate fresh shorts / PE.

The nifty paused after consistent fall indicates strong chances for a dead cat bounce on Fri. The traders should prefer intraday trades only and the risky traders may carry longs (in very small qty) for Fri. The traders must exit all long / CE positions before Friday EOD and use this bounce to re-initiate fresh shorts / PE on Fri EOD.


http://niftypredictor.blogspot.com/
 
Copyright © Niftypredictor