- US Markets slip last night- Dow Jones (-1.44%) Nasdaq (-2.74%), but they were closed on Monday, so may be impact of 2 trading sessions
- Asian market trading in red
- SGX Nifty - 26 (5450)
- Negative factors - Libya tension escalating, caused NYMEX Crude to rise above $95
- Support is near 5400. Once it breaks 5400, expect panic selling
- FIIs are net sellers
- Trading guidance - go short on nifty with sl of 5500
February 23, 2011
Market cue
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