Nifty - 14 -JAN - 13

Nifty ended lower in Fridays trading . We had recommended our investors to stay away from longs. See our post   Tired bulls

Despite the jump in Infosys and TCS  Nifty and especially Bank Nifty traded lower in after noon session and shed earlier gains. When it comes to coming weeks trading investors  should be more cautious as selling on highs are started seen in several point in last weeks trading.

For Monday if Nifty future opens in a range of 5944 and 5967 selling pressure will resume again. If market opens above 5987 then  bulls will get a chance to further move  nifty above 6000. But it may be a rare chance.

AS PER OUR ANALYSIS (intraday  -  with a stop loss of 15 points in both side)

SHORT NIFTY IF TRADES BELOW 5961  PUTTING A TARGET OF 5921
LONG NIFTY IF TRADES ABOVE 5994 WITH A TARGET  OF 6023