NIFTY UPDATE

NIFTY at 18,000 good times for you if you had bullish view. Till 17,700-17,844 we still can justify the rally. Above 17,844 its significantly above critical ratios. Many of my followers asked me about my Trade on NIFTY. Well, we still hold those trades. Because at this point it makes no sense to exit. We have been hedging in such a manner that we only stays behind by 300 to 350 points from NIFTY spot. So it’ cannot go out of control. We said this in past as well, do not copy our trade. We understand how to manage such positions. So far it has not worked. Let’s see how long it stays this way. To our retail trader friends, we have suggested to add JUNE puts based on Individual risk assessment. After todays rally supports on NIFTY have shifted higher at 17,700-17,800 on spot. No short trade on offer as far as 17,700 is protected. Today it’s all about HDFC group rest entire market is more or less flat.