Yesterday we got it right by telling members not to buy and that remains the case today also. We have a big event USA FED rate hike tonight and markets will do a wait and watch before initiating any fresh trades. We are of opinion that market will open gap down and will than recover by end of day to close flat or positive.
Nifty. It is purely event based risk which is driving the markets. 17850 is a big resistance and support is placed at 17650. Everyone has hedged their positions
BankNifty. ATH closing but some pullback is expected today. Support is placed at 40800 and resistance at 41700.
Derivative. Databis completely hedged. Pls don't get confused by amateurs on TV. There is absolutely no bullishness in data. Both FII and PRO traders have Index And Stock Futures hedged and are playing the event through options.
Nifty. It is purely event based risk which is driving the markets. 17850 is a big resistance and support is placed at 17650. Everyone has hedged their positions
BankNifty. ATH closing but some pullback is expected today. Support is placed at 40800 and resistance at 41700.
Derivative. Databis completely hedged. Pls don't get confused by amateurs on TV. There is absolutely no bullishness in data. Both FII and PRO traders have Index And Stock Futures hedged and are playing the event through options.
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