Nifty Futures

Yes! a 'POP-GUN' was formed at low level on thursday indicating heavy short cover for 24 June 11. I will tell you about 'POP-GUN' in my future articles. No problem. Now what to do? Sell at 5485 to 5470 levels with stop loss of 5500. Nifty may try to take support at 5435. Decisive break and close below that level only will resume down trend.Short at higher levels only upto 5470. Avoid shorting at low levels.