SELL
ON RISE
Nifty
8127 - 251
Nifty
opened with a huge Gap down following global cues and went down
further to shave off 3% on the indices and had clearly become bearish
for short term. “Sell on Rise” may be followed with 8275 as stop
loss on close basis. Nifty spot is expected to encounter
resistance at 8165, 8205, 8240 and find support at 8085, 8050 for
Wednesday. While Global cues and Funds flow
are expected to broadly guide the market movement, based on the
present market position, market is expected to be generally
subdued in view of the huge fall of Tuesday and any pullback could be
utilized for Selling.
Astro
Info :: Moon transits in Pushyami and Aslesha and market can be
expected to be generally subdued and any recovery may be used for
liquidating long positions and creating short positions by traders.
Trading
strategy :: Any decent pullback may be used for selling as a
positional call.. Selling around 8200 levels may be attempted with
8250 as stop loss . Sensitive time 1.45pm.
Individuals
born in Leo and Sagittarius signs may remain cautious in their
transactions.
No comments:
Post a Comment