Friday, May 31, 2013

NIFTY is preparing for a fall, bears should be greedy

Dear friends, now all the cheers for the bulls is seem over. CMP 6045, I am not going to discuss why, but Nifty may down 5791-5844, then 5669-5732 range in short term, and as per weekly chart Nifty is heading towards 5477-5610 level, hey please don't be panic now. It will be wise decision to keep a blank portfolio right now except some outstanding performer Pharmacy stocks.  6140 is looking good stop loss now. Unless and until Nifty cross the hurdle go short Nifty's 6100 CE, a good time value could be earn by thus. Well three more thing making me greedy for short Nifty, 1. USDINR and 2.India Vix, 3. let it to be undisclosed :)