Posted By : Kishore B.S
The CAD number for Q1 came at $21.8 billion which was better than expected $22 billion. So, the government is on course for achieving its target of CAD.
Tomorrow we have a holiday. In two days the US shutdown should be resolved. The global markets can turn green tomorrow and we can have a gap up opening on Thursday. Nifty has fallen 200 points. So, some bounce back can’t be ruled out. So, new shorts should be initiated with caution. Nifty is in a broad range of 5700-5900. It is worth to wait and see which direction it goes and then trade.