It was a continuation of correction for yet another day today, Nifty shedding around 92 points and Sensex around 300.
All the large cap and mid cap stocks have been beaten heavily leaving no chance to bull to have a breathe to get small gains.
Looking at the scenario, there is no chance of nifty revisiting 10050 and Bank nifty 24700 in near future. The correction seems to be much deeper. The sell of is huge.
Trade opportunities:
If market recovers then you can buy either BNF 23500 PE Oct Expiry around 48 SL 40 Tr 85//260.
Nifty 9800 PE October Expiry buy @ 37, SL 30 Tr 106/180.
Happy Trading!!
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