In the next few sessions market will be very volatile .The immediate range of nifty is 10120-9850.However i feel bears may get some edge.which can drag markets far lower.Daily charts are pointing a correction upto 9580 levels.However I feel before a sharp selloff there will be a bull trap to trap the buyers.So my advise is to keep a caution on rise.Above 10120 levels nifty can move up to 10295 levels.Immediate high is capped there.
In this scenario my advise is to short nifty calls at rise.I expect nifty to touch 9580 or below levels. However shorts that too shorting nifty calls are advised only at rise . I also feel next session will be very volatile with a slight up move and that too to traps bulls.So take short positions on rise for a tgt of 9580 levels
In this scenario my advise is to short nifty calls at rise.I expect nifty to touch 9580 or below levels. However shorts that too shorting nifty calls are advised only at rise . I also feel next session will be very volatile with a slight up move and that too to traps bulls.So take short positions on rise for a tgt of 9580 levels
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