US markets on friday were down, as financial weigh on dow jones and s&p after the reported loss of $2 billion from JP Morgan. Although markets haven't been sold off in panic and close just little down. Meanwhile Greece is looking forward for next election as coalition government attempt was failed. China's stimulatory measures helped asia to stay in positive territory, although didn't push them higher as well. Back to India, Political uncertainty about early Lok Sabha Poll will cap the upside in the markets and bad news might keep hammering Nifty lower.
Note: Nifty in a downtrend and will not get reversed without something extremely positive development globally and it seems a lot of uncertainty regarding Europe and US Economy's growth pace.
Nifty Tips and Outlook Today:
Nifty might see a little bounce today in the morning trade and give an opportunity to short sell on rally. Traders might short sell Nifty on rally ( around 5030-5050 spot ). Avoid long positions, and aggressive traders might short at current opening levels, but good return only expected when you short Nifty at our mentioned levels.
Note: Nifty in a downtrend and will not get reversed without something extremely positive development globally and it seems a lot of uncertainty regarding Europe and US Economy's growth pace.
Check our previous Nifty Trading Tips here
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