Indian market prediction for the week Aug 10-13

This is going to be mixed week with possiblity of net loss on the indices overall.Market will however tend to bounceback from most corrections while peaks will not be retained on days on positive trade.

 

1. short index on strong trading/opening ( Nifty 80-100+) especially on Monday( however in view of drough report shorting index may prove profitable before close of  a shortened week.

 

2. Go long  on strong corrections of 150+ in nifty especially if it happens during midweek

 

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