NIFTY UPDATE

You just can’t stay long in this market. At least not without a Hedge. This market would continue to shake out week shorts and would stay this way for now. We know the direction which is down but the point to add shorts may differ according to the time frame of an Individual trader. We have no issues to add shorts even at 17,100 because our time frame is higher. But we need rallies to build more shorts. For near term it’s just a matter of time for NIFTY to break low of 16,200

This is a market to trade smartly and wisely.

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