For 2 days there has been gap up and then it closed on negative. This is not a good picture as it shows the bulls are getting little weak. Trading ranges has changed to 15450-15900. Unless it crosses either of the price, trend is sideways. There is heavy call shorting around 15700 – 15800 calls inspite of reliance AGM, so it can be derived that there is very minimal chance of crossing 15750-15800 on Thursday.
Still the previous view is intact of covering majority of long positions or atleast hedge if 15450 breaks.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Still the previous view is intact of covering majority of long positions or atleast hedge if 15450 breaks.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.