Nifty Trading Tips & Outlook Today ( May 21 2012 )

Friday US stock markets slipped in to red and closed at day low. S&P slipped below 1300. Overhyped Facebook IPO wasn't helped markets to find a reason for rally. Also, the meeting of G-8 nations over the weekend gave an indication that they prefer to stay in Euro, but practically it seems not to be possible without euro funding. Over all markets set for another leg down, before we see a technical bounce as Greece uncertainty holds a key and might not resolved soon. Volatility Index spiked to 25 and until it stays above 21, one should conclude a negative trend in Equities and sell on every bounce.

Nifty Trading Tips & Outlook Today

On the Nifty, trend is definitely down due to US markets and Europe contagion fears about finance institutions. One should try to sell Nifty on every rise ( around 4960 or 5000 spot ), aggressive traders might take early call before those levels, but Sell on Rise will be the strategy until major development in Europe that turnaround the things.

Check out our previous recommendation here
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