Last week Nifty saw sharp rally from sub 4700 levels to 5050 level posting gain of approximately 400 points. This rally was triggered on the news of CRR cut by Chinese govt., which would increase the liquidity in market. This was good enough for bulls to buy in oversold market to give relief rally. This sharp pull back has confirmed that very short term trend is up but in medium term Nifty still remains in downtrend.

Now the big question for the traders is, Is This Rally a Short Selli....
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