In the above EOD chart indicates clearly the wen banknifty and one can hold positional short in banknifty...But one has to be very diligent and a full timer in holding positional shorts as its swing from 50 points to 500 points within a day.The monday market we must be watchfull as the relief rally can happen and it becomes an important do alter or carry position short. The nifty as of now showing great weakness as the COAL INDIA 'IPO' Suck out about 40 to 70 Thousand crores from the market.On the other hand the result seasons so many scrips are booming into new highs.
Trade with caution as the market now not satic and have option to jump both sides.
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