Banknifty is not willing to move, sign of weakness Like discussed in last post, we are getting signals of weakness in both index, it is better to short intraday or shorter time frame till we get positional signal but at the moment both index are not showing sign of much movement. This reduced volatility is not good, unless there is some +Ve news markets will have hard time moving up, usually this is the time someone kind of government stimulus comes into picture, so lets see if we have something like that.
Unless we have some kind of +Ve news to sustain higher levels, I would be very much interested in shorting Banknifty and Nifty at current levels for short intra day trades, positional short will come at end of this month.
Hope you made some money shorting today :)
