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SIGNS OF PULLS BACK TOWARDS 4950

Yesterday late hours pull back given a slight hope for market,and this month expiry is bit stretched too.(Dec 29).But correction in US market late night will keep traders cautious in start.FII activity quiet same SELLING in cash segment .

S&P DEC Expiry is only three trading day away,expect S&P will expiry between 1220-1250 band ,So Lower side of band is BUY and Upper Side of Band SELL.Taking Options will be more suitable,All this trade idea  for 3 Trading day.

Disclosure  (Positions)

BOOKED S&P 500 1250 PUT ,no Position now.

One Long on NIFTY 5000 CALL @ 33.5 ,will accumulate at lower levels  till 4750 NIFTY  holds.

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