We carried some short trading positions and should be in profits today as per SgX. As and when markets go higher, price action will be highly stock specific. The result season will end by this week and further moves will have different variables.
End of April and mid may, we had a time of outperformance as compared to global markets, so some under performance cannot be ruled out Hence, focus on your trades rather than everything else
USA debt ceiling crisis has to solve before 01 Jun else markets can fall drastically. We are hopeful that issue will be solved. Check our Bank Nifty options tip and be on the right side of the market always and every time as we trade less but trade accurately.
Nifty. Support is placed at 18230 and 18180. Resistance is placed at 18320 and 18420.
BankNifty. Support is placed at 43400 and resistance at 44200.
Plan to cover shorts and wait as today market will open gap down.
