Morning update Wed, 4th Feb:

Expect a slightly +ve open for Indian markets and nifty may try to breach yesterday high. The traders who are holding longs / CE must use this bounce to exit all long positions. The intra-day traders (long) must be very cautious with strict SL. The intra-day high before Europeans open should be used to initiate short / PE and the traders may carry those shorts / PE for Thursday open.

http://niftypredictor.blogspot.com/

Morning update Tue, 3rd Feb:

Yesterday it was mentioned to book good profits in shorts / PE at EOD. Today, expect a flat or slightly +ve open and the traders should try intra-day trades for small gains only. There are strong chances for a small bounce and nifty may try to regain y’day losses as well retain levels till Wed noon. The traders may try intra-day longs with close SL till Wed noon.

http://niftypredictor.blogspot.com/

Morning update Mon, 2ed Feb:

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.


http://niftypredictor.blogspot.com/