Expect a negative closing today.
Target 5484-5454: Time frame 1 or 2 days. Try to exit shorts and August puts at the above mentioned levels.
Try to avoid heavy overnight positions. OR HEDGE YOUR POSITIONS.
I strongly feel either from 5484 or 5460-5454 market may move once again to 5535 levels next week.
Stoploss for shorts 5562. Stoploss for longs 5409.
If closes above 5562 expect a sharp uptrend. But Chances are remote.
For Today: Market may open at 5500 and initial low may be around 5490. Then it may try to go up to 5515-5520 levels. Then it will slide to 5484 or even 5460-5454. If breaks 5454 expect 5440-5430.
All levels are spot levels.
No comments:
Post a Comment