Cover short positions around current levels of 5950-5970 on nifty spot
Go fresh short on a bounce towards 6100 levels Also Daily RSI about to enter oversold levels
Chart for reference
Bank Nity too might bounce to 11000 levels where one can go fresh short
Currently cover shorts as 10450-10400 will remain as a good support zone
Also cover shorts in BHEL @ 133 given short call @ 136
If market bounces then high probability of BHEL bouncing to 138 levels
Go fresh short on a bounce towards 6100 levels Also Daily RSI about to enter oversold levels
Chart for reference
Currently cover shorts as 10450-10400 will remain as a good support zone
Also cover shorts in BHEL @ 133 given short call @ 136
If market bounces then high probability of BHEL bouncing to 138 levels
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