20th May , Thursday call

What happened on Wed , 20 May

- Profit booking
- Huge Volumes
- Close before the pivot of the day
- Choppy day
- Moving towards support of 4200 level .

The over all trend is UP , and its strong !! . But correction can also not be ruled out , Markets are resting for some time only to move up again . So what should be strategy for tomm .

Pivot levels for Thursday are

R1 - 4341
Pivot - 4293
S1 - 4222

I expect Nifty to open flat to negative tomorrow , what should be the strategy tomm .

- If markets Open flat , then go with the direction after 10 min
- If markets open low near levels of 4200 , dont look for shorts then , look for Long opportunities
- If markets gap up in opening, then you must see other factors like current news , asian and european markets . Better to take shorts only for intra day and not carry them .
- If you are trading in options , better to go for In the money options and not out of money options . use 4000/4100 CA or 4500/4400 PA .