Friday, October 16, 2009

Short only near 5200 only, You may get this level on Diwali due to low participation and bullish sentiment

Short near 5200 because then u will have round about 100 point stop loss to keep, so what if the resistance of Nifty is 5250 it can do +- 50-100 points around crucial levels as it is now only liquidity driven market and may be the last leg of this rally starting from 2500 levels..

Book profits and keep cash in hand as Nifty is approaching resistance levels

Have a good trading day!!!

Regards

Ankit

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