31/05/2012 Trading Views

Nifty made a high of 4982 low of 4944 and closed at 4950 which is 39 points down from previous close.

Nifty finds resistance at 4983 and support at 4950

One can consider shorting Nifty between 4980 to 5000 with stop loss of 5025 for the target of 4950 and 4900

As today is the FNO settlement lot of volatility will be there so trade cautiously.