Nifty and Sensex snapped the 3 day winning streak.The markets ended lower after witnessing volatality the entire day.Nifty reached exactly 2805 levels in the morning trades which was my second target for the buy i intiated at 2680 levels on Friday.We booked profits near these levels and also bought puts for intraday trading which was squared up around 2750 levels.Nifty went on to make a low of 2739.As far as Nifty closes above 2726 the uptrend should continue.Nifty closed at 2757 levels down by about 20 points.We Could consolidate around these levels,before moving up again.
At the time of closing of Indian Equities European markets were trading slightly lower.London down by 17 points,France 25 points and Germany 18 points.Dow Futures was mildly positive up by 22 points.
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