In the previous session, global markets witnessed a selloff. S&P500 made a low of 3219. We covered short position in S&P500 around 3225-3230 along with other indices. DOW made a low of 27894 while NASDAQ made a low of 9067 and RUSSELL made a low of 1624.
It is advised to make 50% long position in S&P500, DOW, NASDAQ at CMP. Around US opening, if it tries to retest the lower levels; you can add long position. Today’s closing may be flat to positive. On Wednesday as well, market may close positive. On Thursday-Friday, trend is again downward.
At today’s opening, you can buy the following stocks for two days:
We went short in APPLE @ 324 last week and covered short around 298 yesterday.