22-12-2008 Views

Hi, Nifty finished in positive zone for the last week but near the resistance. But still Nifty is not out of woods. If nifty cannot pass above 3100 and come below 3000 there will be more down. It is better to be long with hedging rather than keep unprotected long position hoping Nifty will go up and finish this month with gains. Lot of volatilility is expected since next week is accounting year end for many as well as end of December month contract. Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.