NIFTY UPDATE

NIFTY, broke the range on downside. It was only a matter of TIME for NIFTY to break 16,800. Whatever reasons may be, the range was about to break on downside. Markets would not make it easy for short term traders to walk away with effortless profits. Voletility is here to stay. So keeping short term view won’t work out for you. As a TRADER keep things simple. Buy and hold JUNE or JULY puts and relax. MARKETS are about to break MARCH low of 15,671 in JUNE. Could break before that as well. Dont fall for Temparary pullbacks. There would be very sharp moves on upside which would shake out week hands from system. Just manage your positions and stay with primary trend.

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