We have mentioned in our yesterday's post that to go short with the stoploss of 5300.Just see what happened yesterday nifty made low at 5200 levels.Risky traders can wait for more below 5170-5180 levels.
Nifty medium term would weeken if it closes below 5180-5170 chance of testing 5000-4950 levels
in coming day's.
Just remember the same month on 2008!Trade carefully!!!!!!!!!!!!!!
(Technically MACD would turn negative if nifty closes below 5170-5180 level)
Best to your trading!
Tuesday, January 12, 2010
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