Nifty Trading Tips & Outlook Today ( May 30 2012, Wednesday )

US markets had an excellent session and closed near day's high. All dow components were closed positive. European woes are residing as investors feel tired of hanging policies. Valuations look attractive as buying at lower levels may be a strategy for now. Asian markets were shown a significant weakness due to rising spain debt yield to unsustainable alarming levels. All asian markets were in red, while hong kong markets and taiwan down over 2 percents.

Nifty Trading Tips & Outlook Today

Nifty will see a mild correction today after two days of rally, use this dip to accumulate Nifty at lower levels. Trend will be positive in near term. Buy on dips around 4930-4940 ( spot ) levels. Don't short Nifty at current levels.

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