#173 Nifty Update: rally is just the short covering

On our post #172 on Nifty we mentioned to Short index and we are still have status quo view. This rally could be just a intermediate covering. We expect this rally to pause near to 5974/6000/6025. DONT BUY positional  but consider this rally to short for those who had missed last time. Stop loss to our shorts is at 6112. Yes, For intraday traders or BTST traders you may go long with the tgts at Pause station 

Leave a Reply

Your email address will not be published. Required fields are marked *