As mentioned in my previous post NIFTY WAITING FOR CORRECTION, it did fall sharply. Now nifty is struggling to sustain higher level. Long traders should stay away from Nifty till it breaks 5180-5220 range. Last 2 days Nifty 5100 call is attracting lots of retail buyer and there is heavy accumulation in Nifty 4800 put options. ON downside if Nifty falls to 4820 then traders can take long postion and short traders should exit all short positions.


