well as i said in the morning i m not luking nifty below 7548 and its turned back so next week we may see pull back till 7620-7652-7680 till 7780.

now the strategy would be buy on dips.

I hope ppl who follow me enjoyed ride till 7548

Happy weekend.

Hi vibhanshu,
It would be little difficult to get to your price unless market recover second half of the next week. Next strong sdupport is @ 160 levels. If it comes there next week, let's review the case again and will think of taking position in Futures.

Hi vibhanshu, would advice to exit from it on any rise on monday for now. keep sl at 166

Hi ramaswamy, if possible hedge it with a 190pe for now.

Hi ramaswamy, most welcome.

Friends below info, got from money control source, just thought to share

How to trade on Monday??

The sudden sell-off on the Dalal Street has foxed traders and investors who were soaking in a rally that began before the Lok Sabha elections. Stock market experts tell CNBC-TV18 that corrections not withstanding, they are still bullish on this market and advise investors to adopt buy on dips strategy, albeit of good quality stocks.

Too many headwinds — Russia, Gaza, Iraq, Rangarajan --- responsible for this correction, says Dilip Bhat of Prabhudas Lilladher of a market that fell a good 300 plus points on Friday. "We may see some more correction, but I will reiterate this is a buyer's market," he said. Next 15 days equity market may remain in corrective phase, but will like to add Divi's lab, L&T, Reliance, Lupin and L&T in his portfolio for the long term. "I will look at buying L&T at every correction."

Siddharth Bhamre of Angel Broking does not believe one should short this market now. He says the shorting quantum even in the bank Nifty will not see a breakdown. We are not at all bearish on this market, he says.

"We are still not negative on market reason being that we are not seeing any short positions taking place. It is more of unwinding of positions. Till the time FIIs don't start shorting index futures, we are not very negative on the market. In the larger scheme of things, market has not gone to 7900, it is still in the range with 7450 on the lower side and 7750-7800 on the higher side," he adds.

Gopi Suvanam, Founder, InvestWorks would look at shorting Ultratech Cement and Bharti. “Will short Bharti and go long on RCom." On how to play the market now, he advises selling HDFC and buying HDFC Bank, selling ICICI Bank versus buying Axis Bank selling Yes Bank versus buying IndusInd Bank. Talking about the rupee's sudden fall against the US Dollar, he said IT is the only space that can hold up. But if it is a global sell off, then even a TCS can also fall.

Hi Sir,

What is your view on Jaiprakash Associates, Because i guess reliance is taking JP i think stock will go up.
Could you please suggest on this.

Ge cb, trade warrior, k k, Mayank how r u expecting celebrating holiday,Expert bolre agar 7540 break hoga toh sidha 7300 or 7250 kya yeh level break honge7540

hi which stocks are best for 2 to 3 weeks period and which price i shall enter...?