09/09/2011 Trading views
Nifty opened firm and came down to make a low of 5098 from there it started raising in the second half to make a high of 5169 and closed for the day at 5153 which is 28 points down from the previous close.
Nifty has reached the selling zone 5170-5200.So one can consider shorting Nifty at this level by keeping 5240 as stop loss for the target of 5105 , 5075 and 5035.
Short DLF between 207-210 with stop loss of 212 for the target of 200 and 194
Short VARUN between 275-278 with stop loss of 282 for the target of 268 and 262
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