3/08/2010 10:14:00 PM
Nifty Is Overbought Also There Are Many Events During This Week Like Inflation On Thursday IIP DATA On Friday Also If There Is Weak Globle Cues Nifty Can Correct Till The Levels Of 5020 – 4980 -4950 Also If IIP DATA Shall Be As Per Expectation Nifty Can Make A New High Above 5310 Levels So Longs With Strick Stoploss Of 4970 On Closing Basis And Try To Buy Near The Stoploss With 10 Pts Stoploss For Buying If Correction Takes Place But Do Not Short At This Levels As There Might Be Intraday Correction And You Shall Be Whipsaw Also If Nifty Closes Below 5050 Levels You Can Carry Shorts With 5100 For The Targets Of 4980 – 4950 Levels .But Till Then No Shorts.
