Nifty for 08122010: Nifty falls below 5950 once and for closing recovered very well but closed in red. Nifty open interest was down by 9.9 lakhs means the confirmation of no long. FIIs sold in all the segments. US markets also lost the opening steam. Asian markets are flat.
Nifty is expected further down today. If not go long above 6000 and stop loss is same.
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