We need to be cautious while adding long positions at current levels. Put/Call ratio is at 1.48 and India VIX at 17% which indicates high risk in creating long positions on Indices, said Shrikant S. Chouhan, Senior Vice-President, Equity Technical Research at Kotak Securities.
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Apart from a Butterfly pattern on the weekly chart a bullish double bottom trade in IOC from Moneycontrol https://ift.tt/2QCh3JC
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