As you could see that from the levels mentioned, market has slipped drastically.
Now we are in oversold territory and yesterday put writing started in 8300 levels.
This would restrict the maximum downside to 8250.
So today in the first one hour if market moves down, it is an opportunity to exit
all short positions and take a fresh buying around 8300 after recovery.
Now market looks fairly valued and market should start moving now towards 8800
levels. In the coming days you would see big rally in the market, get ready to buy
at lower levels.
Now we are in oversold territory and yesterday put writing started in 8300 levels.
This would restrict the maximum downside to 8250.
So today in the first one hour if market moves down, it is an opportunity to exit
all short positions and take a fresh buying around 8300 after recovery.
Now market looks fairly valued and market should start moving now towards 8800
levels. In the coming days you would see big rally in the market, get ready to buy
at lower levels.
This news is profitable & Very interesting post….really informative…..of all the blogs I have read on the same topic, this one is actually enlightening….
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