Good morning friends,
We saw two big gap up and then a up market. SGX Nifty is giving a hint to another 80 points higher opening. That's make me uncomfortable to trade. I cannot afford to short this market as it is making new high.
A bind long and hold is the only strategy that work in this kind of market.
From option data it seems that market will face resistance at 18500 or 18700 levels which is most likely levels to be testes. I am not denying further rise.
Shorting is a crime in this market.
Happy trading.
