[sharetrading] NIFTY

 

Today Asia seems to have caught the flu. Be cautious.

As market continues to remain in sideways mode.

If CNX500 is above 4200 avoid being short or selling positions.

 

CMP – 5041. Short below 5030, with SL 5060.

Carry over short only if close is < 5020, for a SL of 5075. Remember SHORT carry over signal has not yet signalled.

 

There is high risk however as many indicators are deeply oversold. For markets closing greater than 5050, do not carry forward – SHORTS.

 

Abe

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