Every upmove a shorting opportunity for 2550 and below in a couple of sessions. Cycles for nifty are different from the dow now and even though Dow will pullback we would have a fall. We have a rising price cycle on 14th which should see a sharp pullback on nifty.
We squared our shorts at 2585 bought earlier at 2640. Our target of 2550 is nearly achieved. We lost 20 points intraday on few qty futures. However the nifty closed on a buy set up and we see very little downside for sometime atleast. Dow will definitely correct intra day and it remains to be seen if it can bounce back. I will be watching. I see a good pullback for nifty from the 14th.
We squared our shorts at 2585 bought earlier at 2640. Our target of 2550 is nearly achieved. We lost 20 points intraday on few qty futures. However the nifty closed on a buy set up and we see very little downside for sometime atleast. Dow will definitely correct intra day and it remains to be seen if it can bounce back. I will be watching. I see a good pullback for nifty from the 14th.
