8:26 AM
Unknown
The
Nifty future on Wednesday closed positive at 5029 levels led by short-covering
and long build-ups. The Nifty touched 5175 levels in the previous week and
tumbled down from those levels with increasing volumes. In this week, the Nifty
witnessed a gap down opening on Monday and has been trading in narrow range of
4900-5040 with high level of volatility suggesting that both bulls and bears
are fighting to get their grip on the market. On Wednesday, the Nifty future
found support at 4940-4900 levels. If it fails to hold these levels, selling
pressure may get intensified towards 4840-4800 levels. There will be immediate
resistance at around 5100 levels where fresh call writing is seen. If these
levels are sustained, the market may witness further short-covering rally
towards 5150-5200 .
So
daily I am shouting traders don’t take long position ,only go short on rise
,,,,,,,,,,,,Will give handsome money,,