Update: Nifty Trading Tips & Outlook Today ( May 22 2012, Tuesday )

Update 1: Short Positions covered Nifty at 4860 ( Spot )

US markets rebounded from a 2012 lows as some technical bounce and supportive actions from Europe about Greece calmed the market nerves. Vix index has tumbled more than 10 %. The uptrend is not convincing yet as it was just a bounce from oversold positions. How the week will span out, we have to watch out for Greek Exit Headlines for that.

Nifty Trading Tips & Outlook Today

Yesterday we have recommended Sell on rise strategy on Nifty. Nifty has retreated from day high and closed flat. the bounce that is expected but it will be used to create short positions. We Continue our recommendation to Sell on Rise on Nifty and until it crosses 5000 and closes above it. Short positions may be created around 4970 or 4980 levels ( Spot ).

See out Previous Recommendation Here
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