Friday, December 16, 2011

Pull Back Raily

Can we call Nifty has bottom up for this month and no further low is expected below 4673.85? I think yes we can say like that.
  • RBI monitory policy lined up tomorrow which will give further direction to market
  • Today's rally was because of accumulation of long positions ahead of RBI meeting
  • Volatility increased marginally means everyone is waiting for only RBI meeting
  • Larget OI at 4700 put suggest Strong support
Intraday Nifty Dec 15, 2011
We have our position still open of 4700 call, hence I am not updating tradebook

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