In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape and make up your mind that you will not take an interest until the price breaks thru the limit in either direction. Jesse Livermore

Nifty Future:

Positional Trade:

Short below 5415 and add around 5460. SL 5490. TGT 5325 – 5145.

To have lower risk, 5500 Strike Price of Put option can be bought with above Future levels as reference for Stop and Targets.

Stock Future:

Intraday Trade:

Short BHEL below 1920 with stop at 1934. TGT 1895 – 1860 – 1835

Short HDFC Bank below 2357 with Stop at 2373. TGT 2330 – 2300

Short Infosys below 2833 with Stop at 2851. TGT 2805 – 2770

Happy Trading

C T Ramesh Raja