Monday 21 May 2012

NF Fut 21-MAY




















Xpert Nifty
21-MAY

Friday was as expected day of some short covering, SBI has boost the market and gave some relief rally & it has tried to convince some of the investor, But in our view this is not a sign of trend reversal & hence sill the trend is -ve only.

Friday NF is tried to take support between 4797-4752 (our strong support area) and it has stop near 4900 (again our resistance area).

Still the market in very much in line and we still believe the trend is -ve. but still today would be day which is clear the upcoming trend.
Clear update in live market.
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All my client still holding short position from 5240(2-may). Today we may book our full gain.
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