Sell Nifty with the strict stop loss for a target of 10427,
Post January we are expecting no positive factors for the markets to see any upside, reasons mentioned below:
February:
1) Most companies will finish posting their Q3 numbers (end of earning season)
2) This budget will not be a populas one. Another most threatening factor being tax timeline on LTCG
March:
1) End of the financial year could lead to lesser liquidity in the markets.
Post January we are expecting no positive factors for the markets to see any upside, reasons mentioned below:
February:
1) Most companies will finish posting their Q3 numbers (end of earning season)
2) This budget will not be a populas one. Another most threatening factor being tax timeline on LTCG
March:
1) End of the financial year could lead to lesser liquidity in the markets.
Comment:
Revised stop loss 11250