Shorting is common sense now !!

- US markets ended Lower
- SGX Nifty down
- Indian Markets were up from so many weeks and were looking tired and closed lower in last 2 days .

What does that mean ? SELL on small upbounce with tight stop losses . No great analysis needed here . Just short !! .
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Wait for BUY , Sell on pullbacks

The Pivot for nifty today is around 4535 . SGX Nifty is trading about those levels and India Markets are also expected to go lower today as other Asian markets are also trading lower .


Nifty seems to be tired now and it would be a healthy for it , if it corrects itself now , otherwise it will become more vulnerable for a big and sudden fall later .

If you see 9 months chart , ADX seems to be falling now from many days indicating that its tired now and the momentum is declining .



If you are looking for buying , wait for short term . If you want to short , do it on pullback on intra-day .
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Markets near strong resistance , Call for Friday June 5

Markets went down today in the start and then bouced back . A small positive divergence was visible on MACD and RSI . It was worth taking a long shot because the prices were near the low of 2 days and hence a bounce back was expected .


Markets rallied then and didnt stop .. It closed near days high and at very important and strong resistance levels of 4570 levels . I am personally not very bullish , but i will change my mind if markets show me that i am wrong .

Better to make long positions only if markets move above 4600 and buy on a small 20-25 points dip on intra-day level . Go short if markets start moving down from here with tight stop losses .
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