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Tuesday, November 9, 2010

09th NOVEMBER NIFTY VIEW.

In yesrterday's trading, Nifty Future opened steady, but could not sustain at higher levels and made a low of 6282 and remained sideways to close at 6297. Reliance provided the support to Nifty Future from falling too fast. The days close is near the low of the day, suggesting weak opening for today

For today, short positions may be taken with stop loss of 6340. On the lower side, it will find support at 6250 and strong support at 6200. I would continue to suggest that please avoid long positions for now and simultaneously caution that short trades too may be squared off at the support levels.

All the best.

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