As informed earlier, market is highly consolidating mode, all the stop losses will get triggered if we trade at this point of time. People who had done straddle, it is better to exit 5600 calls and hold their 5600 puts.
I would suggest not to trade until there is any clear indications. As long as market holds 5600, the market may show some upward signs but my view from the time market was trading at 5770 onwards is negative only. All our clients have made good profits by holding shorts at that level and exiting at 5550. Now we need to wait for next good opportunity.
Trading for 20-30, where our risk is also 20-30 points does not make any sense. So just wait for the right opportunity. Since today is weekly closing, there could be some big moves expected. But until market gives clear indications, it is not advisable to initiate any trade.
Take TRADING HOLIDAY until market direction is not clear.
I would suggest not to trade until there is any clear indications. As long as market holds 5600, the market may show some upward signs but my view from the time market was trading at 5770 onwards is negative only. All our clients have made good profits by holding shorts at that level and exiting at 5550. Now we need to wait for next good opportunity.
Trading for 20-30, where our risk is also 20-30 points does not make any sense. So just wait for the right opportunity. Since today is weekly closing, there could be some big moves expected. But until market gives clear indications, it is not advisable to initiate any trade.
Take TRADING HOLIDAY until market direction is not clear.
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