US markets were sold off yesterday amid Greece woes and Economic data, as friday's listing of Facebook couldn't lift market mood. We were expecting a bounce from levels but it didn't. Today, the listing of multibillion dollar IPO of Facebook Inc ( NASDAQ: FB ), either lift the markets or Greece might still be a reason for another sell off. US markets will see more downside in coming week if no resolution about Greece over the weekend. it would be cautious time to trade now.

Nifty Trading Tips


Don't trade Nifty on either downside or upside and wait for market reaction about two major events over the weekend, Greece outcome and Facebook Listing. Because both of them impact market either positively or negatively. Our Yesterday's buy call on Nifty was covered at current levels ( Stop Loss ). We advise not to short Nifty now.

Check Out our previous recommendation here