Nifty made a smart unforeseen move, I hope the volatility come back to the market. We can see the major swings in oct , that’s nifty moving out of the trading range market very soon, Still iam bearish outlook for intraday, don’t carry the long position as it is long weekend. Profit booking can happen at any time, (Exit all put call at end of the day)
Sell Nifty at 5075 / 5090 with the strict sl of 5118 with target of 5030/5015.
Have a nice day...........
Thursday, October 1, 2009
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