Thursday, August 3, 2023

morning thoughts...

We are heading into a weekly expiry and some flush out can be seen before we resume the upward journey again.
Dips must not be shorted nor a wider short position be created as the trend and strength remains in favour of north with broader out performance in midcap stocks where the dips or correction can be used to add positions in cash , futures and options respectively as per rsi strength
Commodities also tend to see some profit booking in bullions , base metals and energy

A fine 1500 points in nifty and 3000 points in bank nifty is on way with 30-40% move in stocks and 500-1000% move in options soon