In small push looking for an upside bounce till the gap zone of yesterday which is 160-161. If it goes beyond 161.60 then likely it was all bigger correction & the bounce could even extend till 170-172 zone.
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10:42 Hrs 14th Oct2016
Trading@155.20
Price not giving confidence of a bounce so let us wait for some more time. No longs & no shorts
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11:12 Hrs 14th Oct2016
Trading@154.45 Nifty is likely to break down below 8540 for 8480-8490 so we will wait for taking long calls