Good Morning !! NIFTY may open negative to gap-down. Selling pressure may remain for the day. There is bearish flag in 30 min chart. So, short will be the safe strategy for the day.
NP-SAR for 21/12/2012: 5900
Stay remain short once NP-SAR triggers with 5925 as SL. But OI suggests there is decent support near 5800. Be cautious at lower level.
Short NIFTY below 5900 SL 5925 target 5880/5860/5840
Wish you happy trading !!
And our Short Call on Nifty was Perfect to the letter "T" as all targets were done...
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