2010/03/31

Opening Bell


US stocks traded flat for most of tuesdays session to finish fractionally higher.Asian markets are mostly lower.Nifty had a positive opening.Nifty trading below 5272 is bad.Traders can sell nifty future if spot trades below 5272 with a strict stop loss at 5300.A close below 5242 the present uptrend will end.So remain extremely cautious on long positions.Markets should top any time between now and April 7th the next time cycle date.

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