Nifty closed below 11600 and a low of 11559 was made. A close below 11570 ( April month Low) likely to bring in more weakness. Avoid long position till such time 11761 is crossed. Any upside move is sell on rise.
Yesterday we picked 11600 PE around 5.00 with No SL and 30000 PE around 15 which were jackpot trades.
Lot of members made decent gains.
Clue for next week trade:
Watch out Nifty / BNF 11500/29800 levels. If the indices close below this for consecutive three days, then buy PE. SL is 11625 & 30000.
Good Luck!
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