The European melt down due to BNP Paribas issue rocked the indian market and it tanked heavily. The Dow is down by 387 points and the indian market is to follow suit today expect a carnage of 500-700 points today. Be cautious and avoid all longs for the time being....
Today, market may open flat or negative with gap down of 40-75 points attached with little volatility and remain long only above 4435 with SL 4418 for a tgt of 4485-4540. If it remains below 4430 keep short with SL 4450 for tgt 4350-4295. short and mint money will be the mantra for the day....
Today, market may open flat or negative with gap down of 40-75 points attached with little volatility and remain long only above 4435 with SL 4418 for a tgt of 4485-4540. If it remains below 4430 keep short with SL 4450 for tgt 4350-4295. short and mint money will be the mantra for the day....
