Asian markets are flat, Indian markets under the pressure of expiry are going volatile, but you know there are some ppl who will book the profit (sell) but some who will carry the longs to Aug series because lots of ppl out there feels that Aug will be good for market, hence we see impact of these moves will nullify, we might close flat.
What do you suggest to a day trader today?
Simple, short term trend is long, one must follow the short term trend now. Today what a Nifty traders can do is, they should go ahead with long position in Nifty Aug Series when @ Nifty levels of 4450-60 and even continue to hold it for tomorrow, because on friday we are expecting Nifty to bounce 100pts approx upside.
-JK
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