GLOBAL MARKET IS WITNESSING WEAKNESS.
CRUDE IS HOVERING AROUND AT 124 (APROX)AND GOLD IS AROUND $882.
DOLLAR SHOWING STRENGTH AGAINST RUPEE AND WAS CLOSED AROUND 42.58.
NIFTY IS SHOWING HEAVY SELLING SINCE LAST TWO THREE SESSION...
YESTERDAY NIFTY SHOWED SHORT COVERING FROM AROUND 4600 LEVEL AND PULLED UP TO 4715.
TODAYS LEVEL IS 4650- 4700-4750-4800 .
IT WOUULD BE PRUDENT TO CLOSE ALL LONG IF MARKET PULLED UP.AND GO SHORT FROM 4800 LEVEL WITH SL OF 4830.
FII TURNED NET SELLER THIS MONTH.
FEW POLITICAL UNSTABULITY ALSO THERE.BE CAUTIOUS IN LONG POSITION,ACCUMULATION IN LOWER STRIKE OF NIFTY PUT WITNESSING MORE DOWN SIDE IN MARKET.HAVE A NICE TRADING DAY.
