May 07, 2012

Nifty - 7th May 2012


Nifty - We had a big down bar on charts touching 5070 on daily basis. We have closed below 50 and 200EMA levels.

Preferably wait for market to move a bit up to add new shorts or preferably no trade et all today

Keep eye on 5120 / 5140 levels to add shorts.

Shorts tgts are 4980-5000

Btw postponment of GAAR will be positive for Indian stock markets so keep an eye.

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