It might just turn out to be another bad day at the bourses after late recovery yesterday, global markets are down, and things might just go worse from here on. As there is lot of uncertainty around the waivers for the Nuclear Deal and since it is the last day of the trade, we can expect a sell off as traders would not risk themselves by carrying long positions.

Dow Jones came off by 344.65 points after increase in the number of people who are unemployed. This would very well reflect on other global markets also. Important support for Nifty is pegged at 4410, 4365 and below which It can easily go down until 4320. Strategy for the day would be to go short and it would be advisable not to carry any long positions and wait for the right opportunity to invest. Join our paid service to stay ahead and to make consistent profits.

This entry was posted on Friday, September 5th, 2008 at 5:51 am and is filed under Intraday Calls. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.