Last three days Nifty is seeking direction. As per the other data, Sentiment is still bullish but actual sentiment will be revealed on day after tomorrow. Now lets make the strategy, Short position can be taken on October future if Nifty is unable stay above 6037 with stop loss 6073. Short position should be hold if Nifty breaks 5932.
Since direction is still not defined and made a very narrow range, therefore traders should be cautious. Trade may be for very short term if not breaks 5932.
Comment on my post.
Best of luck
No comments:
Post a Comment