Market was as expected in last four sessions.
Today i expect 2850. One should buy DEC NIFTY @ /AROUND 2850/2880. This is risky trade. Tgt 3050 on MUHURAT TRADING. One should keep additional margin for this trade.
One should keep in mind RBI credit policy today. Market not looking positively to any good news, but if after announcing policy if there is 80/100 points surge in nifty one should book profit today itself in this trade. At the same time keep watch on 2800. Think here about this trade whether to keep or book loss. Do as one should afford. My opinion better to average if it goes down but afgain it is risky.
One more thing RELIANCE INDUSTRY results are not bad.
As far shorts positions are concerned cover it @ / around 2850/2880.
