Short trade gets filled in a smooth way on the NIFTY futures. Price holds to sideways range moves while ratings show that at 12.00 noon NIFTY has 56% of the component list in Trend and bearish stocks outnumbering bullish ones. Price has closed below the averages and hence, we carry the position for the next hour.
Stops or reversal signals are expected on completion of the next incoming hours. We advice caution in the present market, both on operation and stop loss management. As we complete this post, we find that the market has moved past its almost flat average.
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