Caution is advised for those who hold long positions from 4350, where I had suggested to go LONG. On 8th Sep, NIFTY could not close above the left shoulder of the Head and Shoulders . This indicates that there is a high degree of resistance at this level.
I expect an extreme high volatility today with a negative bias. A drop below 4400 will be a signal to exit LONG position and a close below 4365 will be a signal to go SHORT.
The Straddles mentioned can be held.
