Nifty didnt stay or close below 2836, and it gave a big upmove from the lower levels on friday.
it seriously is a difficult time for a positional trader, as market is not letting anyone short, and longs seems very risky with all the bad news around.
so intraday trade is the only way to survive now.
for intraday today, if 2916 is not broken, and nifty crosses 2940, it may blast up to 2992 levels.
trading below 2916, nifty will be weak and may fall to 2853 levels.
keep strict SL for all trades, and try and avoid trades till 10:30 atleast or till u understand the trend.
