Option buyers are advised, not to trade in range bound markets and to trade in the money contracts for best results .
<<<<5600>>><<<<5631>>>><<<5651>><<<5675>>><<<5699>>><<<5731>>><<<5762>>><<<5796>>>
Flat to negative opening is expected with highly volatile session and negative bias as March contracts are going to expire on Thursday and exiting / rolling over is on the way .Asian markets are trading in negative territory .We entered in over bought zone. FIIs were net buyers . .It is true that market can stay over bought for a longer period but if some one is getting 5% on his/her capital, he/ she will definitely book profits .we saw some sectors already loosing strength so be cautious SGX Nifty signaled 5273 to 5799 range on 24 th March .
Today’s pivot is 5680 …long above 5690 and short below 5670 will be gud for nifty traders wid stop loss of 25 points …trade according to market trend and under supervision of technical advisor.
Have a gud day
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