Market is likely to open with huge gap-up on the back of largest single intra day gains in Dow. But is it right time to buy? My answer is a clear no.
80% stocks in derivatives segment saw big surge in open interest. This year all rallies after beating down followed by fall in open interest. But the trend reversed this time. It means that bulls are trying to be in command. So its the best time to book as much profit as possible on the psotions build up in this fall. Situations do not change overnight and it sstill very cloudy out there. Above 3650 exit longs for once and wait for more clarity.
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