📊Short Market Report📊
Cracks have widened on the down side. Over optimism has been curbed. Simply speaking, if we don't bounce from 16740-16800 zone, expect 14880 in a few weeks.
December is usually a selling month for FIIs coz they go for the holiday season. Now, this is only going to compound the problem. But as a trader there is no problem unless we can't find a trend. We caught a trend today and it paid off well. So choose your battles carefully. That's all you have to do.
Trading Plan: If you're shorting the indices, try to cover your shorts once you reach 16800 zone. Fresh shorts to be made only if 16760 is decisively broken.
Cracks have widened on the down side. Over optimism has been curbed. Simply speaking, if we don't bounce from 16740-16800 zone, expect 14880 in a few weeks.
December is usually a selling month for FIIs coz they go for the holiday season. Now, this is only going to compound the problem. But as a trader there is no problem unless we can't find a trend. We caught a trend today and it paid off well. So choose your battles carefully. That's all you have to do.
Trading Plan: If you're shorting the indices, try to cover your shorts once you reach 16800 zone. Fresh shorts to be made only if 16760 is decisively broken.
