Nifty Futures

"5765"      Do you remember this level? Mentioned on Friday. This would be the trend decider. Never touched it. 250 points clean shave in 3 sessions. Still you want to watch Blue channels for guidance? We boldly wrote that the movement at high levels is just a trap! Kuch yaad aaya? Now Nifty will try to find its feet at 5500-5490 levels. Next leg down will be below this level only!!!!!!!!!!! So avoid going fresh shorts at this level. Wait for your turn...... Fresh shorts will be below 5490 only.