Hi,
Market has seen a Pull-Back rally from 5500 level as expected. Now
market is trading in a very confused, volatile way. Maximum market may
rally is upto 6100 level. And if fall starts from that level then we may
straightly head towards 5200-5400 level on Nifty & 16200-16700 level on
sensex.
On the other hand, if 5850-5800 Level is breached now, then we may
again see a steep fall.
In short, on expiry either market will be around 6100 or 5400.
Now, its better to wait and watch the market trend. Sit with cash to
enter at correct level.
Hedge your longs with 5400-5200 puts.
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