Wednesday, July 4, 2012

Nifty view for 05-Jul-2012

Shown below is the Nifty view for 05-Jul-2012

Option data suggests 5400 as possible resistance in the forthcoming sessions. Watch for wekness in Nifty at higher levels and look for opportunities to go short. Below 5250....Nifty may touch 5160 a 90 point down move seems likely if it breaks 5250.