Overnight View for Nifty (08-03-2011)
Mr.Market does it instyle. It filled the gap of yesterday and howering around that level, trying hard to cross over. Nifty need to close above 5512 today to gain further momentum upside. However no clear signals emerges. We are holding short in Nifty with SL at 5544 on closing basis. Tomorrows market action would be deterimental for some weeks to come. One can hold short in nifty with the said SL for todays closing.
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