The Nifty Future premiums have come down drastically suggesting that
the short covering rally has lost its steam.
Now any sharp upmove should be used to move out of all long positions.
Market may correct and retest 8500-8400 levels.
You can go short on Nifty with stop loss above 8700 (closing basis).
the short covering rally has lost its steam.
Now any sharp upmove should be used to move out of all long positions.
Market may correct and retest 8500-8400 levels.
You can go short on Nifty with stop loss above 8700 (closing basis).
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