Morning !
Referring to my previous post when NIFTY was at 8643 (8650), i had given a sell view with a 100-200 points correction from 8650 however, there was further a rise of 61 points from there to 8711 and from there it reversed for almost 200 points till 8518 (-193) points from 8711. On 4th August it reversed from 8518 and and today as i am writing this blog it has again surpassed 8711.
This uptick from 8518 can go approximately in the zone of 8850-9000 zone and from there we should witness a fall of 300-400 points, so trade accordingly.
Will update once these levels are achieved.
Regarding stock specific, as mentioned in my last post that i have a sell view on DRREDDY and INFY, i still have the same view of SELL on both irrespective of the correction witnessed from 26th July in DRREDDY and INFY waiting for 1055 to break on closing basis post that target of 950.
Happy Trading !
Referring to my previous post when NIFTY was at 8643 (8650), i had given a sell view with a 100-200 points correction from 8650 however, there was further a rise of 61 points from there to 8711 and from there it reversed for almost 200 points till 8518 (-193) points from 8711. On 4th August it reversed from 8518 and and today as i am writing this blog it has again surpassed 8711.
This uptick from 8518 can go approximately in the zone of 8850-9000 zone and from there we should witness a fall of 300-400 points, so trade accordingly.
Will update once these levels are achieved.
Regarding stock specific, as mentioned in my last post that i have a sell view on DRREDDY and INFY, i still have the same view of SELL on both irrespective of the correction witnessed from 26th July in DRREDDY and INFY waiting for 1055 to break on closing basis post that target of 950.
Happy Trading !
And and sir again when u finished writing.... Market witnessed sudden fall... Now what sir. Once i was in 60% profits in puts but made exit yesterday...and bought call now all gains erased and deep cut from main balance again... yukkk...
ReplyDeleteNeeraj: yeah, as of now i am waiting for soem clarity....exit from all longs right now.
ReplyDelete