A position trader still remain short because risky of Nifty falling below 7500 won't be surprising. However, a relief rally is highly likely as well.
A position trader should still remain short because risk of Nifty falling below 7000 cannot be ruled out in this volatile market, says Sudarshan Sukhani of s2analytics.com. However, a relief rally is highly likely as well.
The bank Nifty will mirror the Nifty with the possibility of offering a rally. If Bank Nifty holds the lows for the first hour, State Bank of India becomes a buying opportunity with a target of 235.
Sukhani's buy calls also include Godrej Industries and IndiaBulls Housing.
His sell calls include Srei Infra, BEL and RECThe Great Diwali Discount!
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First Published on Sep 7, 2015 08:43 am