Flat or some –ve open, use close TSL to shorts / PE. Book profits before EOD. Prefer intra till Fri EOD & reenter short / PE at Fri EOD.
Most of the chat room members are holding shorts / PE heavily (in good profits too). Today, expect yet another flat or slightly –ve open and the nifty may trade weak for the day. Although it’s not an end to the downfall towards 52-week’s low of 2252; there is strong possibility for dow induced bounce tom and or Friday. So traders may use close TSL to their short positions or cover before EOD. The traders may re-enter PE / short mode again on Friday.
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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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