Friday, 18 March 2011

Overnight View on Nifty (18-03-2011)

As we expected earlier in this week, nifty has taken the support around 5360. If nifty closes below 5434 and if nifty manages to break below 5340, we can see heavy selling over the weeks to come. Only risky traders create short position again in Nifty, for safe traders it is advisable to wait for the close below the lower range today. We are holding short in Nifty.

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