GOBAL CUES ARE NEGATIVE, STREET ARE EXPECTING MORE FED RATE CUT.
MARKET PLUNGED DUE TO UNEXPECTED JOB CUT IN US.
IN INDIAN CONTEXT MARKET BREATH IS NEGATIVE BUT FRESH SHORT POSITION IS BUILDING UP BECAUSE NIFTY DISCOUNT IS INCREASING FROM 17 POINT TO 45.
LEVEL FOR NIFTY 4670-4700-4850-4900.
LONG CAN ASSUME FROM LOWER LEVEL OF 4700 WITH A SL OF 4670 WHICH IS LAST DAY LOW AND SHORT CAN ASSUME FROM 4850 WITH SL OF 4920.
IN LONG ASSUME AUTO AND METAL AND IN SHORT SIDE BANKING AND FINANCIAL SERVICE,POWER LOOK WEAK.
HAVE NICE TRADING DAY !!!
BY- MR. SAM
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