Hi,
When most of the analyst was asking to go short on the market i went long on the market. No doubt i entered long a bit early in the market so i had to wait for two trading sessions to get some good profit.
Sorry i could not post the blog to go long but now as the market has bounced back now many think of going long now. But now i would like to maintain donot go long now.
We can get a gap up opening and see some gains but it is tough to say whether that gain will be maintained or not. There is quite a possiblity after opening we can see some profit booking and shorting at higher levels.
So i would ask not to enter at current level for long. Wait for some more rally then go for a short as the market will correct a bit even if not a much because of profit booking.
As per expert as concerned now they have mixed feeling. So we can expect some tug of war at crucial levels before seeing any big move.
Me holding Bank Nifty and Nifty Call. (Long)
