July 31st : Closing Bell - Market did fell down as we anticipated in the afternoon; direction not clear for tomorrow, don't carry any position.

Our Nifty short call did well and we were able to achieved all the 3 target set. But today's market move is confusing me because it opened well in positive zone and ideally in order to show strength it should have gone further up but what is this, it fell down which is creating confusion.

Now again what I am seeing is a sharp bounce back in Nifty which is not good move, set of guys are trying to keep the market up in short period so that +ve sentiments of the investors remain intact. Now, every one is talking about 5000 levels of Nifty, question is are we getting into another trap or we are going to see higher and higher levels in near future? Only time will tell, but I personally smell some foul play happening in the market, don't worry I am there, I will caution you.

As of now don't carry any long/short Nifty positions in future/options. In case mkt one can stay with their positions with strict stoploss.

-JK