Remember what we mentioned in last edition of market outlook?
It is writing on the wall and you can just read it upside down.
Market is bound to fall in every condition and it did happened on Tuesday as well.
Our advise was: "Every rally must be used to exit long position and to create short position."
Had you followed it with full dedication great profits must have been pocketed.
Despite of so much fall we are still not oversold and punters are fearless to create short positions and carry shorts comfortably.
Nifty may test 5000-4800 levels in the coming sessions and that can be great buying opportunity for delivery takers.
Till than stay short or away from the market.
It is writing on the wall and you can just read it upside down.
Market is bound to fall in every condition and it did happened on Tuesday as well.
Our advise was: "Every rally must be used to exit long position and to create short position."
Had you followed it with full dedication great profits must have been pocketed.
Despite of so much fall we are still not oversold and punters are fearless to create short positions and carry shorts comfortably.
Nifty may test 5000-4800 levels in the coming sessions and that can be great buying opportunity for delivery takers.
Till than stay short or away from the market.
Nifty Pivot 5344
Support 5285-5349
Resistance 5357-5392
Support 5285-5349
Resistance 5357-5392
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