Nifty Tips
Good morning readers, market today opened on a down note indicating weak global cues and American fiscal cliffs. Sensex fell almost 110 points in the morning trade and Nifty also down and trading below the mark of 5900. But market may give some positive signals too.Today we may see heavy panic selling, Its been a long time we haven't seen a 100 point crash in Nifty, Possible today.
Nifty Trend Today :-
Be on the short side in NIFTY beacuse the fiscal cliff issue is going to snowball into a bigger issue. All the rally is liquidity driven rally. The positions in the long side is tremendous and 80% of the retail position in nifty futures, stock futures and stock option and nifty option is through margin funding and if there is cut of 100 points in the NIFTY the brokers will automatically square of the leveraged long position in NIFTY and STOCKS FUTURE.
So in our view u can short nifty upto 6050 and short banking and real estate stocks with 2 months horizon.
Free Trial Tips For Today :-
1. Sell FINANTECH Fut 1129 SL 1144 Target 1070.
2. Sell BANKINDIA Fut 332.50 SL 335.50 TGT 315
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