Thursday, May 15, 2014

Update

Market is not looking very confident of a very strong verdict and hence keeping the options open till now between f-leg and g-leg. Unless the last high 7172.35 is cleared and held successfully by Nifty Spot or  7203 for Nifty Future a correction towards 6980-7020 possible tomorrow.  Do not take excessive position for tomorrow to be on the safe side especially in options as the premium is likely to fall suddenly by 12 noon or 10/11 A.M.  The rally may rather happen from or after Monday. Positions if at all may only be in Future.

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