Today USA market is closed for a holiday and thus not mega moves may be seen, however intraday volatility will happen.
Market is Clear sell on rise. If we get Nifty futures above 18050 levels, will sell March futures with 100 point stoploss. We have been saying do not trade long since last week, now we trade on the short side in the Index for the week. Only patience will give you profits.
We said moving averages and divergence were the pain points on the rally. Now the reversal should play out. Today US markets are closed, hence should expect a dull day but short trade is the rule for the week AS LONG AS NIFTY SPOT CLOSES ABOVE 18180.
The same situation is with bank nifty. Anywhere near 42450/500 in future is a clear sell. Make use of our bank nifty option tip and trade with accurate signals.
Derivative. Data is weak and very weak. Index fut shorts are 80k+ put longs are nearly 4.5 lacs. It is a 3 year high.
Either stay away or sell on rise. Do not buy.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
