Monday, December 13, 2010

Nifty Bank Nifty update 13 Dec update

Nifty and Bank Nifty gave a short signal on break of crucial support levels.
The support lines are displayed on the charts.




The selloff was so fast that it was difficult to short at the appropriate time unless it was done really fast without thinking and I was caught thinking.
Anyway from here I think it is better to see if this partial sell signal turns to outright sell or the support at 5750 and 11100 stands.

Since the daily charts are in sell mode better to short at any weakness.

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