-Now looking at the indicators 1) ITSELF HAS SHOWN BREAKOUT OUT OF THE
2) HAS SHOWN POSITIVE CROSS-OVER
3) HAS SHOWN POSITIVE CROSSOVER
-There can now be two outcomes that:-
1)The index will close the gap-up distance and trade on the negative side and will confirmation whether its a flag or a .(highly unlikely)
2)The index will manage to show another strong gap-up which will shown further strength the index will lead to higher levels and will give confirmation of .
(most expected due to gujarat election result)
DUE TO HOLIDAY SEASON THE INDEX MIGHT SEE SUBDUED MOVEMENT DURING THE LAST TWO WEEKS ANYWAY IF THE ABOVE THING TAKE PLACE WE WILL SEE HIGHER LEVELS IN THE COMING MONTH.
HOLD YOUR SHORT POSITIONS.....
if you have brought the put option hold it or add more to your position my post on nifty is for long term traders but we are now entering holiday season you have to be patience
yes you can short futures for a day trade and keep short targets there will be profit booking today