Market yesterday as i write here in my post go down at first half and recover due to short covering,over all picture of Indian stock market bearish trend.
Today market looking to open downside in first half more selling pressure in stock like hdil,renuka and midcap stocks .
Now looking at data FII still selling and it put pressure on rupees its target rose up to 58 now if it goes to that price high inflation ahead due to rupees .
Investor advised to away from market don't take any position in long or short be cautious on trade ,no short advisable at this level now but keep wait for a sharp downside their should buy good strong fundamental base stocks in small quantity.
Nifty trader can go short on nifty at 4820 with stop loss of 4840 for a target of 4715 in intraday .
Today market looking to open downside in first half more selling pressure in stock like hdil,renuka and midcap stocks .
Now looking at data FII still selling and it put pressure on rupees its target rose up to 58 now if it goes to that price high inflation ahead due to rupees .
Investor advised to away from market don't take any position in long or short be cautious on trade ,no short advisable at this level now but keep wait for a sharp downside their should buy good strong fundamental base stocks in small quantity.
Nifty trader can go short on nifty at 4820 with stop loss of 4840 for a target of 4715 in intraday .
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