Update as on 22 Feb’13

NIFTY As on 22 Feb’13 – 5856.80

I have clearly mentioned in my last update that I don’t think small traders will earn out of this situation. On last Friday, Nifty moved on a lackluster note, and closed with no significant price direction.

Nifty is ready to move below, looking at price movement I don’t think so. But yes, we should not forget expiry week, generally, at the time of expiry we are seeing high volatility, and expect unexpected from the market. Better trade intraday, with strict stop-losses. Take a short position only below 5835-5830 level. Longs can be taken only after looking at open and direction.

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