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Yday Our view was to play for bounce & we capture a very good moves in both the Index as well as HDFC Bank & Reliance. Still 12k is very strong Resistance but this time hope will be 12200 & 25000 will break.
Morning Profits Booking was a good decision. So Smart Money Created Panic in Market & cover Short Positions in Index as well as call short with that at lower levels they added Index Long & Put shorts.
Finally as predicted 24200 hit yesterday & closed Positional Long in BNF. This time BNF catch the pending rally now both Index is not t having any gap. Nifty waited for BNF & now 12200 & 25000 will come ?