Posted By : Kishore B.S
Nifty Has again moved to the upper band of the range and reward to risk for long remains low. reduce leverage positions with a expectation to buy lower around 8000.
We can foresee Derivative characteristics like lower premiums on future, high implied volatility discomforts at current levels. the higher side seems to be capped at 8400 levels.
However we would recommend long term investors to sit tight on cash and start identifying where you would like to park your cash for long term.
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