The markets were in consolidation mode since yesterday but selling in the last half an hour of the trade today took Nifty below the 4000 level. As expected Nifty has broken the 4050 crucial level on Friday. The Nifty July futures ended with a 10-point discount, as a huge short build-up was seen in the market. Nifty May touch 3700-3600 levels in coming days.
Global Picture is Bearish
In Afternoon European markets were trading weak; down 0.7-0.8%. Among the US futures, the DJI index fell 66 points, to 8,070 and the Nasdaq futures declined 9.5 points, to 1,404 and FTSE fell 22 points.
In Afternoon European markets were trading weak; down 0.7-0.8%. Among the US futures, the DJI index fell 66 points, to 8,070 and the Nasdaq futures declined 9.5 points, to 1,404 and FTSE fell 22 points.
Sales may dip 10%, net profit 7%
http://www.business-standard.com/india/news/sales-may-dip-10-net-profit-7/363765/
----------------------------------------------------------------------------
We recommended Bear Strangle Strategy for option palyers and suggested short in Nifty Futures @ 4080. 5EMA 4111. Now Stoploss for short is 4055.
----------------------------------------------------------------------------
We recommended Bear Strangle Strategy for option palyers and suggested short in Nifty Futures @ 4080. 5EMA 4111. Now Stoploss for short is 4055.
- The Shorts can be hold in NF on monday.
- Option Players can buy Nifty Option PE3900 @ 98.
--------------------------------------------------------------------------------
