The strong opening is a case of reflex rally in the market. The market has moved up on the so called positive global cues. In our opinion the sub prime is yet to be cleaned and there may be further shocks on cards. Let us be prepared on that account.
For today’s trade, in the first half hour we have shorted NIFTY and some select counters. We may hold over these positions for a couple of days. However only risk lovers should go for such strategies as risks are truly big and inability to hold on to the position may push the investors in losses.
Happy Investing
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