#thestocktalk February 04, 2014 After a series of gap down openings last week, Nifty continued this latest trend and had a gap of -40points straight away at 9.15 today morning. It was at that moment trading at its 200DMA, however Nifty showed its metal and gained to cover the gap up. All the credit goes to the heroics shown by the Bank Nifty led by PSU banks. Still the forecast concerning nifty and banknifty movements look very grim and hence one should adopt pt sell on rallies strategy. One may short banknifty, or nifty or high beta stocks at banknifty levels above 11350 - 11400 with a stringent stop loss of 11450. Stay cautioned.
The content on this blog gives the daily fundamental and technical outlook about the Indian Financial Markets. Reader discernment is called for !!