Thursday, August 12, 2010


At noon, the market remains under pressure with selling seen in metals, technology, realty. Sensex is trading at 17974, down 95 points from its previous close, and Nifty is at 5388, down 32 points. CNX Midcap index is down 0.2% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 491 against declines of 757 on the NSE.

If todays close is negative (RED) expect a rally tomorrow. If positive close happens go short 50% today. Wait until 3.28 pm. to go short. If hoevers around 5420 (spot) levels it is very hard to tell. If you have doubt in the closing go 50% today. If clearly in the negative zone dont short today.

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