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Overnight View on Nifty (11-04-2011)

Nifty Intraday Chart: I was wrong! I expected a bounce from 5790 this afternoon session, however nifty started to move sideways for the rest of the day. Hold nifty short for the day.
We received calls asking for intraday tips for the day, however, would like to inform all that day trading doesn't mean daily trading. If we were to give a call today, we would have to give a buy call from 5790 which is going against the nifty trend, so i refrained myself from giving it.

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