Global cues were hanging around Europe and its developments, markets won't be in a clear cut direction. One should be cautious to trade big positions. US markets were holding up above 1300 on S&P, but might not move up in near term as EU crisis weigh. Investors may consider allocating partial allocation of funds to equity.

Nifty Trading Tips & Outlook:


Nifty will stay rangebound with positive bias and upside capped around 5000 levels. Our last call was to buy Nifty Future around ( 4830, Spot) and those who are making gains may book profit around 4980-5000 levels. Nifty can't be shorted around at current levels. Apply buy on dips strategy. Buy it around 4880-4900 spot levels.

Check out our previous recommendations here.