So whats your plan of action - Going by Friday's volume charts - Nifty high volume nodes are at 5060, 5000, 4980, 4950 and 4850 after that. Yes these are too many bars, hence that means that quite a large amount of players are present between 4950-5000. Now this should act as support for nifty. We will see the volume charts of our scrips in another post.
So, on Monday if we have a Marubozu day then i will add on to my intraday puts and close them at end of the session. --- this was mentioned in my earlier posts.
Lets see if buying emerges at these support zones. US market is closed for Labor day --- Hence Nifty may be willing to move on its own after the initial reaction of US markets close on Friday....
Lets see and then react.... Dont be proactive in markets!!
Watch out for DLF, JSW Steel, Bata India, State Bank of India, Hindalco.
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