Nifty Daily Chart : Slow Stochastics is converging downward (Sell Mode).
Nifty has support @ 3 SMA 4267, 4204 & 5EMA is 4136.
If nifty nifty reverses above support levels, take long positions.
- Buy Nifty above 4267 (SL : 4204), ONGC (SL : 1022), RCOM(SL : 317), RPL(SL : 135),
- Short Nifty Below 4267 (SL : 4397)
- Bharti, BHEL, LT, TCS, ICICIBANK, HEROHONDA, IDEA, WIPRO, SUNPHARMA are strongly Bearish
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Strategy For Option Players if Market Falls further
Use Bear Strangle if nifty is below 4159/4136
Strategy : Buy PE4200 + CE4300
