Last night us markets closed absolutely flat. Brazil was up by .6%.european markets were down by about .5%.asian markets have opened weak to mixed but may remain flat to mixed for the day exerting a negative influence on indian markets at the start.
For indian markets, being expiry day, it is wiser to avoid fresh trading till 1 pm. Most of your trades even though may look attractive before the entry, may just go the other way after your entry button is clicked. Traders are advised to trade stock & nifty futures of sept series only around the extremities of its daily trading range from its pivot point. Quit at tight stop loss after the support or resistance breached, to pick up again at distant levels to see it giving you profit any time before end. The expiry day being a highly unpredictable day, the less the trade the better it is for future traders.
In case of a fall, long term investors may quietly accumulate cairn ,cipla, biocon , unitech & suzlon, the 5 future jewels for long term purpose. Forget fundamentals or technicals in these & just accumulate these on every fall and forget for next 2 years to see at least 4 times gain in all these 5 jewels.
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