February 2011 - Second Half

13/02/2011 00:28

Market closed at a different undertone on last week.  Thus shorting may not be adventured at least for 1-2 days.

Being a risk averse, You have to wait for one or two days to get the confirmation of bullish note of market players.  There may be a upward rally, saying "Pre-budget rally".  This may be a pull back.  We have to see that wheather the present long term down trend will transform to uptrend.  At that time, one should be aggressive. 

However, Nifty 5200 level has some importance.  Thus, trade with positive bias as reflected in thursday and friday trading session.

 

Find opportunity to play long on Banks, metals and oil.