EXPECTING A SLIDE

Friends today markets behaved as we expect. But a little worry is that 4680 level is not crossed today, i feel a selling pressure may arise if 4688 in Nifty spot is not crossed.


Levels for 25/08/09 - Nifty future levels:

4556 - 4574 - 4602 - 4633 - 4666 - 4688 - 4717

So my call for tuesday (25/08/09) on Nifty is, Short Nifty on raise to 4688 with a stoploss @ 4717 and tgt for 4602 - 4574 - 4530 (Nifty future levels)

Follow stoploss very strict