From last two weeks my nifty shorting calls went wrong for me and stock long calls fetched me the money all in all a neutral fortnight. As I mentioned in February “It’s the time to build the portfolio” markets went on for a strong rally.
In my view, the medium term trend is positive till Nifty holds the 3050. For short term all the indicators and oscillators were in over bought zone which indicates some profit booking should happen in this week and if so it will be wild!
So, here the strategy to follow:
1. Go short nifty around the 3440-3470 targetting the T1: 3310 T2:3250 if results are bad one can aim the T3:3065
Huge risk taking investors can only go for this call (the medium term trend is up and this call is against the trend)
If Infy guidance comes positive then one should exit from the shorts and initiate the fresh longs at that time.
With thanks
Be and make
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