What a volatile week....Long and Shorts both side SL hitted.....i advise you to keep your Shorts Intact.....I advised it @ 5350.....With SL @ 5375......increase your SL as of now......because Nifty is playing in operators hand.......May be Nifty can see a Pull Back to 5370-5385 Region or even 5450(Rare Case)...........But I am Quit Sure To get Nifty Below 5000 very soon
The data in above image shows.....huge build up in "PUT OPTIONS" from 4200pe to 5000pe, Selling Pressure is increasing in NIFTY....more over the amount which FII's has dumped into Market has to be withdrawn at some point
We At "VSS Securities & Investments" waiting minimum for 5000-4800 in Nifty for start of Investments....Nifty may also fall below that till 4400....but why take chance...We will start Investing gradually from 4800
Happy Weekend,
For VSS SECURITIES & INVESTMENTS
ADITYA V. SINGH
+918080099665
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