NIFTY

NIFTY has tried a lot to achieve the higher levels but as the day progressed, the gain slowly started giving up the grounds. And closed flat but negative. It has made a long upper tail which also indicates a weakness.

Our levels and views are still the same. Some positions are still open on short side and some profit booking has also been made to lighten up the positions. But still it is way below

our star level 6240 so some positions are still open and whether positions will be added or squared off, that will be decided during the market hours. Relevant recommendations will be posted during the market hours.