Monday, August 8, 2011

08/08/2011 Trading Views

As US credit rating has downgraded the US Soverign debt to AA+ from AAA the market is expected to open gap down.

One can Short Nifty below 5170 with stop loss of 5235 for the target of 5032 and 4925.

Pls avoid buying at lower level because as of now we dont know where is the bottom.

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