THE JIG-JAG MOVE OF NIFTY SEEMS TO CONTINUE FOR SOME TIME MORE AND AFTER TAKING DIP AROUND 5400 IT MANAGED TO CLOSE ABOVE 5500. HENCE IN SHORT TERM NIFTY COULD TEST 5700 ON THE UPSIDE WITH MUCH VOLATILITY.
TRADING AND BUYING SHOULD BE AVOIDED AS IT MAY RESULT IN LOSSES. THIS CORRECTIVE RALLY, IF ANY SHOULD BE USED TO EXIT THE LONG POSITION IF ANY AND SIT ON CASH FOR DOWN SIDE TILL 5300.
AVOID FRESH TRADES AND LEVERAGED POSITIONS.
BUY PE 5700(FEB) ON EVERY RISE IN NIFTY TILL 5750 TGT FOR FEBRUARY SETTLEMENT AT 5400 OR LOWER
TRADING AND BUYING SHOULD BE AVOIDED AS IT MAY RESULT IN LOSSES. THIS CORRECTIVE RALLY, IF ANY SHOULD BE USED TO EXIT THE LONG POSITION IF ANY AND SIT ON CASH FOR DOWN SIDE TILL 5300.
AVOID FRESH TRADES AND LEVERAGED POSITIONS.
BUY PE 5700(FEB) ON EVERY RISE IN NIFTY TILL 5750 TGT FOR FEBRUARY SETTLEMENT AT 5400 OR LOWER
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.