05/09/2011 Trading Views

Nifty for the day made a high of 5113 low of 4993 and closed at 5040
which is 39 points up from the previous closing . The Nifty was not
able to go above 5070 again.

The range between 5070 and 5110 will be the selling zone beyond this
Nifty can go up to 5200.

one can initiate shorting nifty between 5090-5110 with stop loss of
5140 for the target of 5000 and 4950.

4950 will act as a support 4830 will be the main support.


The trend of the market is bearish.