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Friday, February 19, 2010

POSITIONAL NIFTY FUT CALL: SELL NIFTY FUT AROUND 4836-4840, SL 4900, TGT 4700.

Why did we gave a sell call on Nifty?

- Looking at the chart during last 2-3 days, after making a high of 4900+ Nifty is drifting down and it seems there is no impact or no so called pre-budget rally. In such case we might see over all market falling 5-6% in next couple of weeks time. For now, we are looking at Nifty levels of 4700 below which we might see 4600 and 4400 at worst case.

Go short in Nifty future!!!

-JK