RBI + Expiry
RBI going to announce it's monetary policy this week, will make market more volatile and expiry day which adds fuel to the fire. But intraday players may have fair chance if right entry is made. Our market open will depend up on Asian market and if we get a gap down, then i am expecting a bounce back.
Those who hold positional short on Nifty can use the gap down to exit. Longs can be initiated only if 4954 holds in Nifty spot. But if Nifty trades between 4904 to 4954 then don't take any trade. Below 4904 again short's can be initiated with SL @ 4954 (spot). These are three types of plan, and appropriate plan can be used accordingly.
Reliance going to announce it's result after market hours on expiry day. So this is the stock to watch out for. If 1983 breaks then it will decline towards 1750 levels, so friends use this. Raise in crude price not a good news for ONGC. If subsidy burden goes high, then this stock will get beaten down to 1000 levels. so be watchful, and longs are strictly prohibited in this script.
Nifty spot levels for this week :
Open Call for the day:
Positional short holders can also use this call for intraday and re enter short position again during closing hours. Coz there is no change in my bearish view.
Those who hold positional short on Nifty can use the gap down to exit. Longs can be initiated only if 4954 holds in Nifty spot. But if Nifty trades between 4904 to 4954 then don't take any trade. Below 4904 again short's can be initiated with SL @ 4954 (spot). These are three types of plan, and appropriate plan can be used accordingly.
Reliance going to announce it's result after market hours on expiry day. So this is the stock to watch out for. If 1983 breaks then it will decline towards 1750 levels, so friends use this. Raise in crude price not a good news for ONGC. If subsidy burden goes high, then this stock will get beaten down to 1000 levels. so be watchful, and longs are strictly prohibited in this script.
Nifty spot levels for this week :
4661 - 4750 - 4808 - 4879 - 4954 - 5030 - 5091
Open Call for the day:
Buy Nifty around 4954 to 4970...Tgt 5030 - 5055.. SL 4923.
Positional short holders can also use this call for intraday and re enter short position again during closing hours. Coz there is no change in my bearish view.
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