Friends today was really a boring day for a trader like me,,, it take too much time to get out of your single trade, making difficult to take a call on market trend...
I advice all our group to take 2650 as a point under which we may consider a weaker market but at the same time above 2580 mkt is strong enough to give a mening ful rally....
I consider relinace to give some relief rally to market in supporting with SBIN if anything good happen tomorrwo these both may be the driver.
At this time if you want to short markt do so with 2675 strict sl(cash) and if want to long mkt do so with 2580 strict sl(cash)...remember 70/30 ratio says upside is more than downside...as if when writing this.
Looking at Dow movment closing below 8400 looks weaker scenario.
DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY.
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