Nifty Futures

Nifty Futures:

On Friday I wrote you may not get any chance to short the Nifty. Also advised not to short the futures which opens gap down. Exactly as mentioned, Nifty tried to crawl above the opened price. Now if it opens flat or high always try to short below the open price and place the Open price itself as its stop loss. Plz Remember we are already into bear market.... Nifty will be subjected to heavy volatile movements and your stop losses may be trigerred many times.

Any rise will be a good opportunity to sell. Below 5175, no major support for the market. Sell below 5175, Fridays low 5115 may try to to act as support.