On Friday,market confirmed a strong downtrend.NIFTY(5654.55) should be shorted on every rise.Negative sentiment is hovering around the market which may take NIFTY to 5567 and 5528 on Monday and on Higher side Nifty should cross 5744,which I don't NIFTY will.
1.)M&M (CMP-739.55) - Sell for a target of 722 with a STL of 753.
2.)HDFC BK (CMP-2049.55) - Sell for a target of 1935 with a STL of 2099.
3.)BHARTI AIRTEL (CMP-343.75) - Sell for a target of 335 with a STL of 349.
(www.derivativestrategy.blogspot.com)
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