Market will open Gap down and then there would be a bounce for few minutes once the bounce is over then short it as it would remain down most of the time.

If would be very volatile so book profits wherever you can. Also, book Profit in ICICIBANK700PA around 40 until that time wait. In addition, a crucial meeting of SEBI with regard to P-Notes would have some impact on market.

Buy Nifty4600PE at 150 for a target of 175,182 with a stop loss of 140.

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