Sunday, July 24, 2011

outlook for the day

well tough global conditions forced the nifty to open lower but positive sentiment pushed it higher soon

but expect the nifty to drift downwards due to various factors

               

 the traders are epexted to take short positions on the nifty prior to rbi policy 

the ongoing condition in the US markets unless resolved is going to keep the global markets down

then there are reliance results today  if positive they can provide a boost to market  but if  below expectectations can make the market drift lower

so my recomendattion would be to go short on the market

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