Morning update Wed, 26th Nov:

Morning update Wed, 26th Nov:

In spite of gap up y’day, nifty was unable to sustain above 2780 which could have strengthened the further up move. Even after yesterday’s decline, there are strong chances for a positive bias today.
With the expiry being underway, traders should concentrate on intra-day trades only.
The trade above 2700 can make it retest y’day high of 2790 or even higher and on lower side, the breach of 2630 could make it very weak.

Morning update Tue, 25th Nov:

Morning update Tue, 25th Nov:

Expect the strong gap up open (sustaining) followed by further up move. Those who are holding long positions/ calls as mentioned earlier should monitor with TSL just to save profits.
The intra-day traders may initiate with ‘long’ even after gap up open.
The traders should book profits in long/calls at EOD.

Morning update Mon, 24th Nov:

Morning update Mon, 24th Nov:

Today, it could be a volatile day with lot of uncertainties. Since the oncoming Tue indicates strong chances for a ‘bounce’, one should trade accordingly. For today’s trade, one should watch the trend after open carefully and the trend initiating after open may continue further. The trade in small quantity is preferable with strict SL to avoid losses.
Those who have already initiated the ‘long’ position on Fri should hold with strict TSL to cover on Tue. Traders should prefer intra-day moves and at the EOD, one may hold ‘long’ position/ ‘call’ to carry for Tue.