Dear All,
After a roller coaster ride from 5056 to 5297,
Nifty CMP : 5288/5290...
We feel the current upside of the rally is capped.
This may be the end of the rally. Prefer booking Longs at all rises.
There can be some stock-specific activities going ahead as the mid-caps & small-cap still have some catching up..Though Index may remain stagnant with a downward bias.
Nifty will face tremendous selling pressure from 5298-5319 area.
Be cautious in all Long positions ahead of expiry.
Only High Risk Takers Can go short with 5320 SL
Regards,
Team Market View Investments
9987750901
Nifty Fut advised to remain short around 5288/5290...CMP 5261. Book partial & Revise SL to cost.
ReplyDeleteNifty 5256 !!
ReplyDeleteNifty 5248.2....!!! Positional Traders Revise SL to 5298 & Hold shorts.
ReplyDelete