Wall street finished lower on wednesday.Tuesday it closed higher by 100 points.Europe problems dont seem to end with Portugal bieng the new problem centre.Dollar surged ahead pushing commodity and energy stocks lower.This morning asian markets are trading lower on strong dollar.Nifty opened on a slightly weaker note and presently trading at 5213.Today is the expiry of March series, so far markets have been calm ,second half there could be volatality.If Nifty closes below 5214 then it is very negative for the markets.Nifty could slide down further.Last 3 trading sessions bulls have been trying with all out effort to close above that.But bulls will have a upper hand only above 5265 till then it is better to be carefull with longs.
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