Weakness already existent.
Clearly mentioned that bluntly short near the 5130 5140 range ---- irrespective of the the RBI policy. A magical 70 points in no time frame --- I had capitalized on it did you ????. The Wall of China is standing great.
Come Monday and the jitters would be seen. Sell off in the making owing to nervous related to FED Meeting on Tuesday. 5130 is the triple to area hard to scale at present.
A close below 5023 would invite positional sell as such. Resistance at 5130 5140 and support at 5030. Trade the range or wait for break out or break down for some good 200 points move.
As such it is gain sell on rallies since nifty was not able to scale 5130.
Clearly mentioned that bluntly short near the 5130 5140 range ---- irrespective of the the RBI policy. A magical 70 points in no time frame --- I had capitalized on it did you ????. The Wall of China is standing great.
Come Monday and the jitters would be seen. Sell off in the making owing to nervous related to FED Meeting on Tuesday. 5130 is the triple to area hard to scale at present.
A close below 5023 would invite positional sell as such. Resistance at 5130 5140 and support at 5030. Trade the range or wait for break out or break down for some good 200 points move.
As such it is gain sell on rallies since nifty was not able to scale 5130.
No comments:
Post a Comment