[sharetrading] ASIA

 

Asia seems dipping down and on an intra day rise. US mkts appear to be stuck in a rut, but holding there, than drop off, but gradually dropping 1% every day.

Recovery is seen far off as of now there. Indian markets look good above 5260. But as long as cues appear weak, one can sell the highs and buy the lows intra day. CF position for India is still long above 5260 SPOT. Nifty is expected to rise intra day with marginal losses. Given the cues appear not to be strengthening, one may reduce the positions…..

Abe

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