Don't short da nifty tmrw at any cost

Nifty finds repeated support at 17200. Although, overall trend of da nifty is negative, a big short-covering towards 17500 cannot be ruled out. Major hurdle still exsists at 17500. And hence tom u may get a gap up again and follow thru this time. Market is short, sentiment is rotten. Even if people want out, they need higher prices.

View: Nifty is looking stronger than bank nifty hence traders can accumulate nifty calls of 17500 of dec(30) expiry near the support levels for a potential target of 300 and sl placed at 75. CMP: 121.

Operación activa:

NIFTY NEAR STRONG BUY ZONE.

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