Today market looking to start with positive bias with global indices trading higher yesterday dowjones manage to close 200 gain and positive start in asia also ,sgx nifty trading around 5350 giving a positive start in indian stock market too.
Trader should be cautios to take long position now betterto trade intraday only with stoploss ,today indian oil rise petrol price with 1.87 rs. perlitre giving a fire to high inflartion in future ,it is concern of worry for central goverment how to manage inflation and balancing growth with higher intret rates .
Nifty trader sell nifty around 5370 with stoploss of 5490 for target price of 5313 for intraday.long term invetor also short a lot of nifty around 5370 and sell a lot of 5300 put and stay away for 10 days got handsome return of thier investment stoploss for this trade if nifty touch and cross 5500 mark.
Trader should be cautios to take long position now betterto trade intraday only with stoploss ,today indian oil rise petrol price with 1.87 rs. perlitre giving a fire to high inflartion in future ,it is concern of worry for central goverment how to manage inflation and balancing growth with higher intret rates .
Nifty trader sell nifty around 5370 with stoploss of 5490 for target price of 5313 for intraday.long term invetor also short a lot of nifty around 5370 and sell a lot of 5300 put and stay away for 10 days got handsome return of thier investment stoploss for this trade if nifty touch and cross 5500 mark.
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