July 13/25
- Too much office work. Avoiding writing detailed setup. - Dow fell 500 points from the highs. - So, more pain likely but watch out for PCR which is at 0.6 for Nifty Bank.
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July 12/25
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Global Dow ended +360 points from day lows. A very good recovery Markets world over are flat to positive. SGX is in green with 60 odd points. Option chain Have got late to analyze this. Will do so in the live market. FnO Data Participants went with too heavy bearish positions. Indicating, we need to be careful on the longs. But if decent levels are broken on the upside - a good shortcovering is possible. Charts & technicals Nifty 200 DMA at 10885. Plan for today Buying the first dip with the day's low as stoploss can be an okay idea.