09/05/2012 Trading Views

Nifty made a high of 5119 low of 4983 and closed at 4986 which is 127 points down from previous close.

Nifty has broken yesterday's low and closed below it which shows the weakness of the market

Nifty will be having resistance at 5070 and 5130

Every rise of Nifty can be used for shorting if Nifty comes to 5070 it can be shorted with stop loss of 5110 for the target of 5000 and 4916.

Now Nifty will move towards 4916.