the market ahs seen alot of turbulence in the recent past
a mix of local and interantional bad news has brought the market down to the 5000 level and the market is trying to find its feet at these levels
the downtrend is clearly underway and it looks that the market may go downawrds from here
but as they say when everybody is saying that the market will go down that's when the market decides to go up
one or two good news and the market may decide to go upwards from here
i think that this is the time for conatarian call
the downside is almaost done may be 1-2% more from here but the upside looks to more if the market decides to go up
so i advise long on the market with stop loss at around 4940 levels
buy the sep 5200 or 5300 calls and a 100 150 swing in the nifty can fetch you handsonme returns
so going long would be my advise
but dont buy august calls they are about to expire on the 25th of aug and that can mean huge erosion in thier premium
so happy trading
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